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
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)
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.
Thank you for applying. Your Reference Number is
A representative from Riyad Bank will contact you to complete your request.
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
