Imports of Goods Trade Finance from Resources of Islamic Development Bank

 
Producers of oil related products, jutes, fertilizers, cement, industrial raw materials and capital goods are entitled to utilize the IDB facility the amount of which varies depending on production type and the exporting country. These facilities are short-term of 1-2.5 years; the period of which depends on the type of importing goods. For granting the facility, first of all, the Islamic Development Bank purchases the goods in cash as per the Islamic banking principles, and then sells the goods to the applicant of facility in a specified period by adding the related interest (mark up).
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