Wealth Management SIB Academy
 
Trade Finance

 

Ensure reliability of your business with our

Trade Finance solutions

 

 

 

 

As one of the Islamic business finance pioneers, SIB has developed products and services that are innovative and flexible so that clients can realize optimum value from the benefits and practicality of Islamic financing. The bank is geared to handle all forms of letters of credit or guarantee. Whether importing for local consumption or for re-exports, SIB offers appropriate solutions.

 

Opening and managing letters of credit (transferable, revolving, standby etc.) is a core function of the bank’s trade finance division, while letters of guarantee are in operation to cover significant amounts in key business areas such as bid bonds, performance bonds, advance payment guarantees, retention monies, maintenance, labor and customs duty.

 

Trade Finance Schedule of Fees and Commissions

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Reach us on:

 

Email: [email protected]

OR +9716 5999 888

 

Customer Service Timing

Sunday – Thursday

8:00 am – 1:00 pm  

 

 

 

 

 

 

Whether importing for local consumption or for re-export, SIB is geared to handle all requirement for letters of credit to best suit customer needs. Just state your requirements and SIB will customize the most appropriate Letter of Credit for you (transferable, revolving, standby, etc.)

Share Print Send

 

Reach us on:

 

Email: [email protected]

OR +9716 5999 888

 

Customer Service Timing

Sunday – Thursday

8:00 am – 1:00 pm  

 

 

SIB prepares and issues all kinds of financial instruments, including letters of guarantee drawn up under strict Sharia’a principles. The range requirement covered includes bid bonds, performance bonds, advance payment guarantee, and guarantees for retention monies, maintenance, Labor or Customs duty.

Share Print Send

 

Reach us on:

 

Email: [email protected]

OR +9716 5999 888

 

Customer Service Timing

Sunday – Thursday

8:00 am – 1:00 pm  

 

Share Print Send

 

Instructions to be followed for filling and submission of below forms:

 

  • Please ensure that ALL pages of the forms are stamped & signed by your authorized signatory(s).
     
  • If you have made any corrections/changes on the form, please ensure that all the corrections are stamped & signed by your authorized signatory(s).
     
  • Request forms which do not have Sharjah Islamic Bank logo should be typed, stamped & signed by your authorized signatory(s) on your company’s letterhead.
     
  • In case Terms & Conditions are missing in the form or are required more than the pre-printed text, please attach an additional page (preferably on your company's letterhead) which should be stamped & signed by your authorized signatory(s) and should carry a title that this attachment form is an integral part of our (name of the application form).
     
  • Where the Letter of Guarantee text is provided by you/beneficiary, please ensure to mention on the application that “guarantee to be issued as per attached format" and also ensure that such form/specimen is stamped & signed by your authorized signatory(s).

 

 

Letters of Credit

 

Application for Opening a Documentary Credit                                      

 

Letters of Guarantee

 

 

Export Letter of Credit

 


Outward Documentary Collections

 

 

Other Forms