Boubyan Bank Trade Finance Department offers innovative and simplified solutions to the most complex deals and helps you manage your international trade transactions more efficiently.
Our Trade Finance Department supports every aspect of preparing trade transactions documents, including issuing, advising, amending, confirming and paying import and export Letters of Credit and Bank Guarantees as well as handling your export and import documents collection.
We also arrange Islamic Trade financing for all your import payables.
The Customer Enterprise Application is an online trade system that allows you to perform all trade transactions right from the comfort of your office.
Our experts in trade services are also available to provide services that suit your specific requirements.
Letters of Credit
An Import Letter of Credit is an unconditional undertaking, given by an “Issuing Bank” at the request of its customer (the Applicant or Importer) to pay the Beneficiary (or Supplier) against stipulated documents, provided all the terms and conditions in the Letter of Credit are complied with.
Murabaha Letters of Credit
A Murabaha Letter of Credit is issued under a Murabaha contract and thereafter the goods purchased will be sold to you at a marked up price for a deferred payment.
Essentially, the Bank will purchase the goods/services you require and then sell them to you for payment made in installments or as one lump sum.
Letters of Guarantee
Bonds and Guarantees are written undertakings issued by Boubyan Bank KSC on customer’s behalf to indemnify the beneficiary to secure performance obligations arising from commercial or contractual obligations in the event of default against the terms of contract by the customer.