Penjaminan Syariah (Garansi iB)
A guarantee issued by the Bank based on Shariah principles using Kafalah Bil Ujrah arrangement which will result in the Bank's obligation to pay to the beneficiary when the guaranteed party breaches the contract (in default) or there is a payment obligation from a guaranteed party.
Benefits of Garansi iB
- As a guaranteed party (Applicant), you may provide a guarantee to your client (Beneficiary) that suits the needs of your business transaction.
- Improve your credibility when performing your business transactions with your client (Beneficiary) as you will be supported by the Bank that has the finest credibility.
- Utilizing Kafalah bil Ujrah agreement which is in accordance with Shariah principles.
About Bank Guarantee
- Bank Guarantee utilizes a Shariah contract of Kafalah Bil Ujrah whereby the Bank issues guarantee in the form of a document, which results in the Bank's obligation to pay to the party whom the guarantee is entitled to (beneficiary) in the event the guaranteed party is in default.
- The legal basis for the issuance of Bank Guarantee is referring to article 1831 or article 1832 of the Civil Code (Civil Code).
Type of BG :
- Tender/Bid Bond
- Performance Bond
- Advance Payment Bond
- Payment Bond
- Retention / Maintenance Bond
- Bank Garansi Kepabeanan/ Custom Bond
- Bank Garansi Ijin Travel Haji dan Umroh
About Standby Letter of Credit
- SBLC utilizes a Shariah contract of Kafalah Bil Ujrah whereby the Bank issues guarantee in the form of a document, which results in the Bank's obligation to pay to the party whom the guarantee is entitled to (beneficiary) in the event the guaranteed party is in default.
- SBLC refers to International Standby Practice (ISP) or 600 Custom and Practice for Documentary Credit (UCP).
Type of SBLC:
- Bid Bond Standby
- Performance Standby
- Advance Payment Standby
- Counter Standby
- Financial Standb
- Direct Pay Standby
- Commercial Standby
About Demand Guarantee
- Demand Guarantee utilizes a Shariah principle contract of Kafalah Bil Ujrah whereby the Bank issues guarantee in the form of a document, which results in the Bank's obligation to pay to the party whom the guarantee is entitled to (beneficiary) in the event the guaranteed party is in default).
- Demand Guarantee refers to the Uniform Rules for Demand Guarantee (URDG) 758.
Type of SBLC:
- Tender / Bid Bond
- Performance Bond
- Advance Payment Bond
- Maintenance Bond / Retention Money Bond
About Counter Guarantee
Counter Guarantee issued by the Bank based on Shariah principles using Kafalah Bil Ujrah arrangement which involve a re-guarantee that is issued if the Guarantor Bank issuing the guarantee instrument (Bank Guarantee or Standby L/C) cannot be accepted by the guaranteed party (beneficiary), so that the guaranteed party requests the guarantee instrument to be re-guaranteed with another instrument issued by other guarantor banks (generally those with international reputation).
Benefits of Counter Guarantee at Maybank
You may issue a BG or SBLC for project implementation or payment to a Beneficiary from an International Reputable Bank without having to have facilities at these banks.
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