Without Recourse Export Financing-i (WREF-i)

WITHOUT RECOURSE EXPORT FINANCING-i (WREF-i)

Based on the Shariah principle of Bai' Al-Dayn (sale of debt), WREF-i is a short-term post-shipment financing facility where CIMB Islamic Bank purchases your right to the receivables or debt due to your customer. These receivables or debt arise out of export or domestic sales documents drawn under documentary credit.

Features & Benefits

Collect Payment Sooner

Transfer Your Risk

Maximum Financing Value

Shariah Compliant

Type of product / service	Fees & Charges	Cut-off time for transaction to be processed
Collection Service	0.1% flat on invoice value RM denominated Documentary Credit -Minimum RM50; Maximum RM500 FCY denominated Documentary Credit – Minimum RM50; Maximum RM100	Monday to Friday: 4:00 p.m. same day
Documentary Credit – documents examination fee	RM50 flat

Type of product / service

Fees & Charges

Cut-off time for transaction to be processed

Collection Service

0.1% flat on invoice value

RM denominated Documentary Credit -Minimum RM50; Maximum RM500
FCY denominated Documentary Credit – Minimum RM50; Maximum RM100

Monday to Friday: 4:00 p.m. same day

Documentary Credit – documents examination fee

RM50 flat

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WITHOUT RECOURSE EXPORT FINANCING-i (WREF-i)

Features & Benefits

Features & Benefits

Eligibility

Fees and Charges

For More Enquiries

WITHOUT RECOURSE EXPORT FINANCING-i (WREF-i)

Features & Benefits

Features & Benefits

Eligibility

Fees and Charges

For More Enquiries

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