Accepted Bills-i (Purchase) is a promised future payment which is a bill of exchange drawn by a bank and accepted by the Buyers/Importers to finance purchase of goods and commodities.
Based on Shariah principle of Murabahah (for Import/Purchase)
Accepted Bills-i (Sales) is a promised future payment which is a bill of exchange drawn by Sellers/Exporters and accepted by the bank to finance sales of goods and commodities.
Sellers/Exporters can obtain financing and receive cash earlier on the extended credit terms on Sales or Exports.
Based on Shariah principle of Bai’ Al-Dayn (for Export/Sale).