1. Thank you for your attention Modes of Islamic Finance in Support of ECA Export Financing

2. CONTENT 1.Direct Murabaha 2.Two-Step Murabaha Line of Financing 3.Disbursement under Documentary Collection 4.Two-Step Murabaha for ECA Export Financing 5.Assignment of Export Receivable 6.Restricted Mudaraba

3. 1- Direct Murabaha 3 (2) Payment of Purchase Price (3) Repayment of Sale Price Importer Exporter ITFC (1-a) Shipment (3-a) Repayment of Sale Price (3-b) (2-b) Payment of Purchase Price Bank-A (2-a) (1-b) Notification (1-b) Request Mudaraba Agreement

4.  2-Step Murabaha to Reach SMEs 4 (2) Shipment ITFCSupplierSME Local Bank (4) Payment of Purchase Price (5) Repayment of 1 st Sale Price (1-b) 2 nd Murabaha Agreement(1-a) 1 st Murabaha Agreement (6) Repayment of 2 nd Sale Price (3-b) Notification (3-b) Request (3-b) Advise 2- Two-Step Murabaha Line of Financing

5. 3- Disbursement under Collection 5 8. Release Doc. 3. Forward Shipping Doc. 4. Send Document and swift message 5. Payment Instruction 1. Goods 2. Documents 6. Payment 7. Payment ITFC Local Bank Importer ITFC’s Paying Agent Remitting Bank Remitting Bank Exporter

6. 6 4- Two-Step Murabaha for ECA Export Financing

7. 7 5- Assignment of Export Receivable

8. 8 6- Restricted Mudaraba

9. Thank You!