Letter of Credit

Letter of Credits are used in international transactions to ensure that payment will be received where the buyer and seller may not know each other and are operating in different countries.
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We deal with two types of Letters of Credit

At Sight

Payable immediately – within five to ten days – after the seller meets the requirements of the letter of credit.

Usance

Also known as Deferred Payment Letters of Credit or Time Letters of Credit or Term Letters of Credit is a letter of credit payable at a predetermined time / future date after the conforming documents are presented.

DIB Sukuk DISCLAIMER



DIB Sukuk Limited is a Group of Companies with Registered Office in Cayman Islands and a Representative Office in Dubai - United Arab Emirates. DIB SUKUK LTD (REGISTERED OFFICE) is a Class A International Banking Financial institution incorporated under the revised laws. The license provides authorization to conduct business with third parties across industries and geographies worldwide. This office is regulated by the Financial Services Regulatory Authority in Cayman Islands, and does not provide any services to any natural person or legal entity in Cayman Islands.

This entity is a non-banking financial institution that facilitates international business transactions through issuance and relay of various trade finance instruments. The London-based Representative Office offers Letters of Credit and Standby Letters of Credit to corporate clients only. This office does not provide regulated or controlled services or activities.

Important Notice: DIB Sukuk Ltd would like to advise its customers to report any suspicions which they may have regarding the identity of any intermediary who promotes products or services of the Bank or any intermediary bearing similar names. You should verify with DIB Sukuk Limited by emailing info@dibsukukltd.com. Please also be aware of bogus SMS messages and voice message calls or fraudsters who misrepresent services and impersonate the staff of DIB Sukuk Limited.
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