Packing Financing
Packing Finance/PCC is allowed for making necessary preparation for shipment of goods. This Financing Facility is structured on Bai-Salam mode of Finance. This finance generally covers cost of packing, transportation from godown to the port for shipment warehousing, insurance etc. City Islamic provides this financing facility under Bai-Salam mode of finance.
Benefits
- Cash Facility.
- Pre-Shipment Finance for Exporters to bear packing expenses.
Shariah Pronouncement
﴿بسم الله الرحمن الرحيم﴾
الحمد لله رب العالمين، والصلاة والسلام على رسول الله، وعلى آله وصحبه أجمعين.
Approval of Shariah Supervisory Committee
The Shariah Supervisory Committee of City Bank has reviewed Packing Finance related documentation, contracts and processes.
Therefore, We the “Shariah Supervisory Committee” for City Bank confirm that in our opinion the Packing Finance documents & processes are in accordance with the principle of Islamic finance and hence we allow the bank to provide this products & services to its customer.
And Allah Knows Best.
_____________________
Dr. Md. Anwar Hosain Molla
Chairman
Shariah Supervisory Committee, City Bank
This certificate was signed on Tuesday 11th May 2021
