Islamic Foreign Documentary Bill Purchase & Negotiation

Under this arrangement, after the shipment of goods, the exporter submits the related export documents for negotiation. The documents should be negotiated strictly in accordance with the terms and conditions and within the period mentioned in the letter of credit.

Benefits

  • Post-shipment financing facility under Shariah compliant mode.
  • Enables you to meet your urgent business need to run the business smoothly.

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 Islamic Foreign Documentary Bill Purchase & Negotiation related documentation, contracts and processes.

Therefore, We the “Shariah Supervisory Committee” for City Bank confirm that in our opinion the Islamic Foreign Documentary Bill Purchase & Negotiation 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