International Treasury Management can become increasingly time consuming and complex, especially when it spans multiple global jurisdictions. DIB Sukuk Limited has the expertise to help your organization develop and maintain a sound corporate treasury framework and mitigate risk
The payments that must be made, for commissions generated in purchase and sale operations of a certain size and importance, require, in the globalized world in which we find ourselves, an important security at the time of being able to guarantee that the distribution of these payments, between the different intermediaries, it will be carried out in a safe way and in the agreed amount.
Those professionals with experience in such operations require our services, being neutral and independent in the transaction, which ensures that the commissions are going to be paid, in the manner and in the total agreed, to the persons included in the contract.
We act as an independent party, receiving the amount of money stipulated in the contract as a trust in a bank account, and immediately upon receiving such amount, we distribute to each of the commission agents, their percentage agreed in a contract.
DIB Sukuk Limited, not only provides the Paymaster service, but also advises its clients on everything related to international taxation, as well as commercial and procedural procedures.
The figure of the paymaster as a mediator in the payment of commissions agreed in important transactions of businesses, commmodities, minerals, financial products …, not only seeks a mediation that provides greater security, reliability and trust in said transactions that thus contribute to reinforcing the trust between business partners but is also key in the important mission of complying with the increasingly demanding compliance requirements. Why?
The international banking system is currently highly regulated and this means that on many occasions transactions that involve large sums of money can alarm banks to the point of closing how many or blocking customer funds, if they perceive such operations can lead to any problem with the banks’ compliance departments.
At DIB Sukuk Limited, we have been working closely with the compliance departments of the main national banks for a long time to ensure that our clients’ funds do not experience any setbacks.
