Islamic Export Letter of Credits

At the request of customer City Islamic advise the LC with or without confirmation to the advising bank by giving strength to the customer for exporting the goods and payment receipt. City Islamic offers a very prompt and efficient services on letters of credit confirmation, advising, paying, negotiating facilities to exporters.

Features and Benefits

  • City Islamic have a dedicated team of professionals trained and supported by state of the art business solutions
  • presented documents checked to the highest standards and to ensure that your pre-checked documents are processed straight through, without rejection.
  • Not only do we provide an outstanding service, we also ensure that all documents are negotiated and dispatched timely

Shariah Pronouncement

﴿بسم الله الرحمن الرحيم﴾

الحمد لله رب العالمين، والصلاة والسلام على رسول الله، وعلى آله وصحبه أجمعين.

Approval of Shariah Supervisory Committee

The Shariah Supervisory Committee of City Bank has reviewed Export Letter of Credit related documentation, contracts and processes.

Therefore, We the “Shariah Supervisory Committee” for City Bank confirm that in our opinion the Export Letter of Credit documents & processes are in accordance with the principle of Islamic finance and hence we allow the bank to provide this products & services to its customer.

And Allah Knows Best.

 

_____________________

Dr. Md. Anwar Hosain Molla

Chairman

Shariah Supervisory Committee, City Bank

This certificate was signed on Tuesday 11th May 2021