Documentary Credit-i

Find out more below on our comprehensive range of Documentary Credit - i

Documentary Credit Advising - i

Documentary Credit Advising - i is a service rendered for exporters/sellers selling on Documentary Credit-i terms where we act as an Advising Bank, dispatch Documentary Credits-i received from the Issuing Bank (local / overseas) to the Beneficiary of the Documentary Credit-i.

Why choose Documentary Credit Advising - i?

• Sending Documentary Credits-i through advising bank gives you the peace of mind as it confirms the authenticity of Documentary Credit-i to the exporter.

Based on Shariah concept of Ujrah (Fee-based concept)

Documentary Credit Confirmation - i

Confirmation of a Documentary Credit - i constitutes an undertaking by the Advising Bank /Negotiating Bank to pay in the event of non-payment by the Issuing Bank.

Why choose Documentary Credit Confirmation - i?

• Documentary Credit Confirmation - i helps to mitigate risk of non-payment by the Issuing Bank and other risks associated with the country of the Issuing Bank.

Based on Shariah concept of Ujrah (Fee-based concept)

Documentary Credit Negotiation - i

As the Negotiating Bank, we advance funds to the beneficiary of the Documentary Credit - i (exporter) prior to receipt of the sales/export proceeds from the Documentary Credit - i Issuing Bank provided that the documents submitted are in compliance with terms of the Documentary Credit - i.

Why choose Documentary Credit Negotiation - i?

• The advance payment to exporter helps exporter in their working capital requirements and ease their cash flow.

Based on Shariah concept of Bai al-Dayn