| BIBD Trade Financing |
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Trade Financing ![]() Bank Islam Brunei Darussalam provides a wide range of Competitive syariah trade financing services on a short-term basis. Such services are aimed at facilitating both local and foreign entrepreneurs to expand their import and export business activities Letter of Credit Wakalah Concept The Bank acts as an agent for the payment of the purchase whereby the Bank shall utilize as the deposit made by the customer to pay the proceeds to seller's Bank. Murabahah Concept The Bank will purchase the goods on behalf of the customer. The Bank then sells back the goods to the customer at an agreed marked-up price of settlement on a deferred basis. Letter of guarantee Kafalah Concept A guarantee provided by the Bank to discharge the liability of customer to a third party that defaults in fulfilling his obligation. Letter of Guarantee can be either:
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