Improving the Role of Eximbanks/ECAs in the OIC Member States
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 Export Credit Refinancing-i: Shariah compliant financing that provides an alternative short
term pre-and post-shipment financing to direct/indirect exporters to promote export of
manufactured products, agriculture products and primary commodities that are “Halal”.
 IDB Co-financing: An arrangement between EXIM Bank of Malaysia and International Islamic
Trade Finance Corporation (a member of Islamic Development bank) to provide financing
based on Murabahah and Wakalah to both buyers of Malaysian products and Malaysian
exporters with working capital needs.
Guarantee
 Bank Guarantee-i: Facilitates the issuance of bonds for overseas contracts undertaken by
Malaysian contractors and enables Malaysian investors to raise funds overseas. The subject
of the facility must be for Shariah compliant purpose.
 Letter of Credit-i: Facilitates the importation of goods.
 Forward Foreign Exchange-i: Shariah compliant and based on the principle of Wa’d
(promise), this is available to MEXIM’s existing customers who are exposed to foreign
exchange risks, both in conventional and Islamic facilities such as Overseas Project/Contract
Financing-I and Buyers Financing-i.
Insurance
 Exporters Trade Credit Takaful (Export/Domestic): Covers Malaysian traders who export
goods on a regular basis against the risk of default by overseas buyers or issuing banks (for
exports on LC terms)
Business Volumes:
RM
Mn
USD
Mn
Financing 3,910 1,070
Insurance 1,900 520
Comprehensive Insur. 219 60
Takaful Insur. 153 42
Islamic Fin-Credit Takaful 862 236
Source: Annual Report 2013
Top Exports / Export Markets:
Products Exported (2013)
HS
Code Description
Value (USD
Mn) %
84-85 Mach/Elec 126,129 45.4%
27 Oil & Gas 64,006 23.0%
39-40
Plastic /
Rubber 15,241 5.5%
Others 72,672 26.1%
Total 278,048 100.0%
Source: UN Comtrade
Top 3 Destinations (2013)
Order Country
Value (USD
Mn) %
1 China 60,153 21.6%
2 Singapore 40,829 14.7%
3 Japan 29,745 10.7%
Others 147,320 53.0%
Total 278,048 100.0%
Source: UN Comtrade