Trade Financing

The Client request RBS Islamic Banking to establish a Letter of Credit (LC) for the import of certain commodities. The Client will sign a Murabaha Agreement with the Bank and then will be appointed as an agent for import of commodities on behalf of the Bank (through an agency agreement).

On arrival of the shipping documents / goods the customer will make an offer to purchase the goods and the Bank will accept and Murabaha Sale will be concluded. The payment can be made on spot or at a pre-agreed future date as per the terms of the Letter of Credit.

Ensuring Shariah Compliance
We at RBS Islamic Banking ensure that all our products strictly meet the highest standards of the Islamic Shariah. This is why we have in-house Shariah Advisor, who is also advised by our Global Shariah Advisory Board consisting of eminent Shariah Scholars to oversee all banking transactions and business dealings

For any queries on RBS Islamic Banking and Finance please feel free to schedule a meeting with our Islamic Banking team by calling your Relationship Manager at 111-11-71-72.
You may also call our Customer Interaction Centre at 111-06-06-06.