Accepted Bills

An Islamic accepted bill (IAB) is a result of the securitisation of a murabahah Islamic trust receipt. The IAB is drawn to finance the trading of tangible halal goods and formulated based on the Islamic principles of murabahah (deferred lump-sum sale or cost-plus) and bay’ al-dayn (debt-trading). For further details see: ISRA, Islamic Financial System; Principles and Operations.


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