Islamic Letter of Credit

Riyad Bank issues Islamic Letters of Credit on behalf of the importer as per the conditions and all information provided such as currency, amount, description of goods, payment type, required document and other terms.

Payment is then made against presentation of satisfactory documents which follows by Riyad Bank selling the imported goods to the client.

Issued on the basis of Murabaha
Offers all the functionalities of traditional Letter of Credit
Secures and binds the “sale” strictly to the agreement

All Trade Finance customers are eligible and an Islamic Letter of Credit facility can be arranged by our Corporate banking relationship team.

To apply please approach any one of our Trade Finance Centers or call us directly on:

Central region: +966-11-4865652 or +966-11-4865629
Western region: +966-12-2609060 or +966-12-2609094 or +966-12-2609035
Eastern region: +966-13-8335733 (Ext: 8539 or Ext: 8540)

Rates & fees are standardized, while some are market determined or customer specific.

Apply Online - 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.

Please complete the form below

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Keeping in mind that a current account is required to obtain any product or service from Riyad bank, if you do not have one yet, you can open an account from here

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Riyad Bank, Public Shareholding Company, Capital of S..R 30 Billion, Commercial Register (1010001054), P.O. Box 13519 Riyadh 6671, Tel. +966 11 4013030, National Address: King Abdullah Financial District (KAFD) Financial Boulevard - Al Aqeeq District - Building No. 3128 - Riyadh, Kingdom of Saudi Arabia. www.riyadbank.com, is licensed by the Council of Ministers Resolution (91) dated 23.11.1957, and regulated by Saudi Central Bank.

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