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    Letter of Credit

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Strengthening your credit

Letters of Credit have become a crucial aspect of trade after traditional payment methods became impossible. In the modern business world, there is no international trade without them. Reduce your risk of non-payment and advance your business with confidence.

  • Import Letter of Credit
  • Export Letter of Credit
  • LC Musharaka
  • LC Murabaha

Enjoy the benefits of our Letter of Credit

  • Globally Recognized Overseas Trade Settlement

    To prosper in today’s international marketplace you
    must offer customers enticing sales terms backed by
    suitable payment methods. Because getting paid in full
    on time is the ultimate goal, using a globally recognized
    Letter of Credit is the only option.

  • Musharaka Letter of Credit

    In this type of Shariah compliant transaction, your
    company provides a specific portion of the funds
    required and we provide the remaining balance and
    issue a Letter of Credit to facilitate the import/export of
    goods.

  • Murabaha Letter of Credit

    Purchase goods from local and international markets
    through a Letter of Credit from us and enjoy the
    convenience of payment through installments or a
    bullet payment basis.

  • Lower the Risks on
    Trade Transactions

    We substitute our financial strength for that of your
    company giving you the potential to negotiate better
    prices with your suppliers.

Ready to apply for your Letter of Credit?

  • Am I eligible?

Here are the things that we’ll need from you…

Eligibility & Criteria

  • At least 15 years of age
  • Must have a valid ID

Required Documents

  • Saudi Passport or National ID Card

Ready to apply? Please visit our branch…

FOR ENQUIRIES CALL:

+965-2495-4333

Fees & Charges

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Annual Membership KD 80
Lowest Profit Rate No Fees
Late Payment No Fees
Cash Withdrawal KD 4
International Use (POS) 3%
International Cash Withdrawal KD 4 + 3%
Card Re-Issuance Fee KD 20
Electronic Statment No Fees
Monthly Minimum Payment     Revolving 8.33%
Monthly Minimum Payment     Revolving Full
Frequently Asked Questions:
Letter of Credit
  • What is the advantage of using a LC?
    It is used to secure payment for the seller and protects buyer by evidencing goods that have been shipped/ transported.
  • What are the international customs governing letters of credit?
    Uniform customs and practices for documentary credits ( ICC publication 600 ).
  • What are the Uniform customs and practice for Documentary credits ( UCP )?
    The UCP is a set of internationally recognized rules for documentary credits published by the International Chamber of Commerce (ICC) in France, these rules are used in the international trade community for determining the roles and responsibilities of all parties involved in Letters of Credit.

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