If you need cash financing to meet your needs or reach your goals, Al-Qirtas Islamic Bank is here to cover your immediate financial requirements. Our expertise to provide you with the best financial technology to serve you
There are two types of documentary credits that our bank provides:
- Approved credits (enhanced)
- Unverified credits (not enhanced)
- Concerning the source: a guarantee that he will seize the value of the goods that he contracted to export, as soon as the documents for the shipment of the goods are presented to the bank that he had notified of the arrival of the credit.
- Concerning the importer: A guarantee that the opening bank of the credit will not pay the value of the goods contracted to be imported until after submitting the documents for shipping the goods according to the conditions stated in the documentary credit opened with it.