Trust Receipt-i/Foreign Currency Trust Receipt-i

Trust Receipt-i/Foreign Currency Trust Receipt-I is a short-term import financing that provides a Buyer/Importer with financing to settle goods imported under Letter of Credit-i, whereby the title of goods is held by the bank. Financing may be in Ringgit Malaysia. Alternatively, the Buyer/Importer can apply for financing in the currency of that particular import documents in order to have a natural hedge for foreign payments.

Based on Shariah principle of Tawarruq (Commodity Murabahah).