Murabaha Letter of credit
Murabaha Islamic Letter of Credit
Bank acts as per your instructions for your purchases to secure goods and manage payment risks.
Riyad Bank’s Islamic Letter of Credit is a Shari’a compliant method that enables you to import goods on the basis of Murabaha. It facilitates conduct of your import.
Secured and fully transparent
Offers all the functionalities of the traditional Letter of Credit
Convenience to make payment on arrival of documents (Sight LC) or after an agreed time period under Islamic structure.
Upon the receipt , the bank sells goods to the importer on Murabaha basis at agreed price including, profit and fees.
Riyad Bank’s Islamic Letter of Credit is a Shari’a compliant method that enables you to import goods on the basis of Murabaha. It facilitates conduct of your import.
Secured and fully transparent
Offers all the functionalities of the traditional Letter of Credit
Convenience to make payment on arrival of documents (Sight LC) or after an agreed time period under Islamic structure.
Upon the receipt , the bank sells goods to the importer on Murabaha basis at agreed price including, profit and fees.
