Letter of Credit-i

  • Taking care of your business payments


Letter of Credit-i (LC-i) is an irrevocable written conditional undertaking given by the Bank (Issuing Bank) to the Seller (Beneficiary) for account of the Buyer (Customer) to pay the Seller a certain sum of money as stipulated in the LC-i upon compliance with the terms and conditions of the said LC-i.

Based on Shariah principle of Wakalah.