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A short-term export financing scheme granted to manufacturing and trading companies incorporated in Malaysia involved in export activity and international trade.
Features
  • The scheme is funded by EXIM Bank and is available to direct and indirect exporters. The ECR-i is formulated based the Shariah contract of Murabahah and Bai’ Dayn.
  • Promotes the export of manufactured goods, agricultural products and primary commodities that are Shariah compliant and permissible according to Shariah
  • Two types of facilities are available to exporters: pre-shipment ECR-i and post-shipment ECR-i
  • The pre-shipment financing is to facilitate the production of eligible goods for export prior to shipment and to encourage backward linkages between exporters and local suppliers
  • The post-shipment financing is given to exporters to finance export of eligible goods after shipment
  • Exporters (manufacturing companies, agriculture product producers, trading companies) and indirect exporters (suppliers of domestic input) are eligible under this scheme
Benefits
  • Transaction is based on ‘halal’ goods
  • Financing rate is fixed throughout the tenor
  • Improves company's cash flow
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