Shar’ia compliant financing solutions that adapt best to your Business needs.
Letters of Credit
- Letters of credits are a payment method mostly used in international trade transactions. Through a letter of credit, the bank guarantees that the seller will collect a specified amount from a specific buyer within a specific time window.
Letters of Guarantee
- The letter of guarantee is a type of contract issued by the bank on behalf of the customer who entered into a purchase contract for goods from a vendor. The LG guarantees the payment of any financial obligations to the vendor in case the customer defaults on payment.