Letter of Credit-i

  • Taking care of your business payments

     

Letter of Credit-i is an instrument from a bank that guarantees payment to a Beneficiary/Seller of goods and/or services provided that required compliant documents have been presented to the bank. In the event that the Applicant/Buyer is unable to make payment on the purchase, we will cover the outstanding amount. At the same time, Applicant/Buyer is assured that payments will only be released upon presentation of required documents that comply with all the terms and conditions in the Letter of Credit-i.

Based on Shariah principle of Wakalah.