Working Capital Financing for Finished Goods or Tijara is a Sale & Agency based financing facility for customers who sell Finished Goods on a credit basis. The facility will enable the Customers to sell their Finished Goods stock, meet their working capital requirements and enjoy the benefits of cash sales.
Under this concept the Bank will purchase the finished goods of the Customers and will appoint the Customer as its agent to sell the same goods in the market generally on credit basis. Tijara Financing can be done for local sales and exports.
Working Capital Financing for Work- in- Progress or Istisna is a contract of sale of specified items to be manufactured or constructed, with an obligation on the part of the manufacturer or builder (contractor) to deliver them to the bank upon completion. Subsequently the bank would deliver the manufactured / built item to the customer.
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