Letter of Credit
Helping to cover your trading risks
SME Letter of-Credit

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.

  1. Import Letter of Credit
  2. Export Letter of Credit
  3. LC Musharaka

  • Streamline Your Trading With Al Rajhi Bank E Trading Services

    Globally recognized overseas trade settlement

    To prosper in today’s international marketplace you must offer customers enticing sales terms backed by suitable payment methods. Because getting paid in full on time is the ultimate goal, using a globally recognized Letter of Credit is the only option.

  • letters-of-credit

    Musharaka Letter of Credit

    In this type of Shariah compliant transaction, your company provides a specific portion of the funds required and we provide the remaining balance and issue a Letter of Credit to facilitate the import/export of goods.

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

Required Documents

  • Completed Application Form
  • Request letter on applicant's letterhead

FOR ENQUIRIES CALL:

tel:+800 124 1222

Download Letters of Credit Application Forms

Import Letter of Credit

Musharaka Letter of Credit

Frequently Asked Questions:
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.

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