Structure Trade Finance
As the pioneer of Islamic banking and business finance, DIB has developed structured trade finance products and services that are innovative and flexible so that they can be customised to client requirements, thus enabling those clients to realise optimum value from the benefits and practicality of Islamic financing. For example, the bank is geared to handle all forms of letters of credit or guarantee. Whether importing for local consumption or for re-exports, DIB has the appropriate solution, tailor-made to the customer’s requirements.
Opening and managing letters of credit – transferable, revolving, standby etc – is a core function of the bank’s trade finance division, while letters of guarantee are in operation to cover billions of dollars in key business areas such as bid bonds, performance bonds, advance payment bonds, retention monies, maintenance, labour, and customs duty.