As one of the pioneers in Islamic business finance, Sharjah Islamic Bank 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, labour, and customs duty.