Procurement & Contract Financing
Background
At Bank Islam, we believe in sharing our expertise to assist you with your business requirement in Contract Financing. We provide innovative structure to customize your funding requirement
Benefits
- Minimum upfront security
- Customized structure to meet all contract requirements
- Combination of cash and non-cash facilities
Eligibility
- Main Contractors / Nominated Sub-contractors
- Minimum of 3 years performance track record
- Average turnover of more than RM5.0 million over the past 3 financial years
- Registered with the relevant Licensing or Certification Bodies
- Contractor awarded by Government, Government Bodies, GLCs or other Corporate Companies acceptable by the Bank
Facilities Offered
- Business Cash Line-i
- Multi Trade Facilities
- Bank Guarantee-i
- FOREX Line (case to case basis)
Facilities Limit
There is no capping on contract value however financing limit should not be less than RM1.0 million.
Purpose of Financing
-
Business Cash Line-i
- To finance general expenses, overheads, administrative, material, sub-contracts wages Multi Trade Facilities
- To facilitate purchase or sales of goods under the contract financed Bank Guarantee-i
- Tender Guarantee
- Performance Guarantee
- Advance Payment Guarantee
- Other guarantee required as per contract requirement
How to apply
