Our short-term trade finance developed in conjunction with Import LCs is based on the Murabaha concept. This enables you to fulfil your payment obligations under a sight-and-usance documentary presentation, with provision for goods to be cleared or manufactured (in the case of raw materials), and stocked.
At Noor Bank, we offer you the option of payment against presentation of invoices, delivery notes, documents, or documentary collection. This is designed to help you shorten the time between receiving your receipts and payments. You will also enjoy greater flexibility in sourcing new suppliers in new markets, who may not be willing to extend their payment terms.
This product is specifically tailored for SMEs that want better management of credit control and sales ledger, by offering immediate cash advances on unpaid receivables with up to 90% of invoice value paid upon submission of invoice or related documents. With our sales ledger administrative service, you can also save valuable time and resources and protect your business from the risk of serious debts.