Malaysia’s First Islamic Trade Financing Solution, Launched by RHB Islamic Bank

RHB Islamic Bank (RHB Islamic) in Malaysia has announced the launch of RHB Trade Solution-i, Malaysia’s first Islamic trade financing solution. The solution caters to purchases and sales, with a new product structure based on Wakalah and Istijrar Shariah concepts.

Why it matters?

According to RHB Islamic’s Managing Director and Chief Executive Officer, Datuk Adissadikin Ali, the solution facilitates comprehensive trade transactions with less documentation, once the facility has been approved and is being utilised, thereby saving on time and cost. As is the case with other Islamic financing instruments that are based on more common Shariah compliant concepts, the trade solution eliminates the requirement for commodity trad...