Strengthening your credit
Letters of Credit have become a crucial aspect of trade after traditional payment methods became impossible. In the modern business world, there is no international trade without them. Reduce your risk of non-payment and advance your business with confidence.
- Import Letter of Credit
- Export Letter of Credit
- LC Musharaka
More benefits related to Letters of Credit
Lower the risks on trade transactions
We substitute our financial strength for that of your company giving you the potential to negotiate better prices with your suppliers.
Tap into our network
As one of the world's largest and most recognized Islamic banks, our reputation precedes us. Enhance your creditworthiness with our Letter of Credit.
LC tracking service
Track the status of your Letter of Credit at any time through our eTrade website.
How to Apply
Am I Eligible
Eligibility & Criteria
- Self employed, small businesses, establishments, Limited liability companies (LLC) and private companies
- Commercial account with Al Rajhi Bank
- Completed Application Form
- Request letter on applicant's letterhead
Download Letters of Credit Application Forms
Letter of Credit
What is the advantage of using a LC?It is used to secure payment for the seller and protects buyer by evidencing goods that have been shipped/ transported.
What are the international customs governing letters of credit?Uniform customs and practices for documentary credits ( ICC publication 600 ).
What are the Uniform customs and practice for Documentary credits ( UCP )?The UCP is a set of internationally recognized rules for documentary credits published by the International Chamber of Commerce (ICC) in France, these rules are used in the international trade community for determining the roles and responsibilities of all parties involved in Letters of Credit.