Oil Palm Plantation Financing
This facility offers financial solutions to oil palm plantation sector that covers all their needs for new oil palm plantation development, expanding existing plantation business or even for replanting exercise.
Type of Facilities
Term Financing-i
A medium to long term Shariah compliant financing facility for various purposes such as working capital, asset acquisition, construction, refinancing, etc.
Based on Shariah concept of Tawarruq or Istisna' & Ijarah
Revolving Credit-i
A short term Shariah compliant revolving financing facility to finance working capital requirements.
Based on Shariah concept of Tawarruq
Bank Guarantee-i
A shariah compliant guarantee or written undertaking given by the Bank on your behalf to the beneficiary ensuring that your liability/ obligations under the terms of guarantee will be met.
Based on Shariah concept of Kafalah
Letter of Credit-i
A written undertaking by the Bank, given to the Seller at the request and on the instruction of the Buyer (Applicant), to pay at sight or at a determinable future date up to a stated sum of money within a prescribed time limit and against stipulated documents which must comply with the terms and conditions.
Based on Shariah concept of Murabahah or Wakalah
Cashline-i
A short term Shariah compliant revolving financing facility generally used for working capital and to lessen short term cash flow requirements. Utilization is via PrimeRich Current Account-i up to the maximum credit limit approved by the Bank.
Based on Shariah concept of Tawarruq
Who can Apply
- SME
- Corporate