Ensure reliability of your business with our Islamic Trade Finance solutions
- Home
- Corporate Banking
- Islamic Trade Finance
Overview
SIB is one of the leading Islamic business finance pioneers in the industry. SIB offers Trade Finance products and services that are innovative and flexible, so that clients can realize optimum value from the benefits and practicality of Islamic banking. The bank is geared to handle all forms of Letters of Credit and Letters of Guarantee whether importing for local consumption or for exports, SIB offers appropriate solutions.
SIB provides wide range of product and services, such as:
- Letters of Credit (Import & Export)
- Letters of Guarantees
- Inward & Outward Collection Bills for Collection
- Islamic Financing for Import & Export goods
Letters of Guarantee
- Shape-up your business opportunities confidently with SIB’s tailored made guarantee solutions. SIB’s wide range of guarantees assist your business terms more attractive which helps you to negotiating more even in the absence of established
relationship. SIB issues guarantees Local and International- through correspondent network. We issue all types of guarantees such as:
- Bid Bond
- Performance Bonds
- Advance Payment Guarantees
- Retention Guarantees
- Maintenance Guarantees
- Financial Guarantees
- Counter Guarantees
Letters of Credit
Grow your Import & Export business in local and international markets, our Trade finance products and services provides, guaranteed payments to suppliers through documentary credit, extensive global reach through correspondent banking network, expert advice on flexible financing solutions and much more. Our range of products and financing solutions includes:
- Trade Solutions for Importers:
- Letters of Credit (Either Non-Financed LC OR Financed LC)
- Shipping Guarantees
- Standby Letters of Credit
- Trade Solutions for Exporters:
- Letters of Credit Advising
- Letters of Credit Confirmation
- Assignment of Proceeds
- Receivables Financing
Applications Library
Instructions to be followed for filling and submission of below forms:
- Please ensure that ALL pages of the forms are stamped & signed by your authorized signatory(s).
- If you have made any corrections/changes on the form, please ensure that all the corrections are stamped & signed by your authorized signatory(s).
- Request forms which do not have Sharjah Islamic Bank logo should be typed, stamped & signed by your authorized signatory(s) on your company’s letterhead..
- In case Terms & Conditions are missing in the form or are required more than the pre-printed text, please attach an additional page (preferably on your company's letterhead) which should be stamped & signed by your authorized signatory(s) and should carry a title that this attachment form is an integral part of our (name of the application form).
- Where the Letter of Guarantee text is provided by you/beneficiary, please ensure to mention on the application that “guarantee to be issued as per attached format" and also ensure that such form/specimen is stamped & signed by your authorized signatory(s).
Outward Documentary Collections
Outward Documentary Collections
HideSpecimen of Customer's Letter for Outward Documentary Collection
- Download Pdf
Corporate Onboarding
New to Bank - Corporate Onboarding
HideNew to Bank - Corporate Onboarding
- Download Pdf
Other Forms
Authorization to Receive Murabaha Goods - Local
HideAuthorization to Receive Murabaha Goods - Local
- Download Pdf
Authorization to Receive Murabaha Goods - 3rd Port
- Download Pdf
Authorization Letter
- Download Pdf
No Objection Certificate (NOC)
- Download Pdf
Letters of Credit
Letters of Credit
HideApplication for Opening a Documentary Credit
- Download Pdf
Acknowledgement Of Receipt Of Goods under Local Murabaha (L.C)
- Download Pdf
Amendment of Letter of Credit (L.C)
- Download Pdf
Guidance for filling Documentary Credit - Non Murabaha
- Download Pdf
Guidance for filling Documentary Credit - Murabaha
- Download Pdf
Specimen Signature Format
- Download Pdf
Promise to Purchase - Commodity and Foreign Trade Transaction
- Download Pdf
Guidance for Filling Documentary Credit Amendment Application - IB
- Download Pdf
Guidance for Filling Documentary Credit Issuance Application - IB
- Download Pdf
Application for Opening a Documentary Credit for Murabaha Sales Transaction
- Download Pdf
Guidance for Filling Shipping Guarantee Application - IB
- Download Pdf
Export Letter of Credit
Export Letter of Credit
HideSpecimen of Customer's Letter for Documents (As Presented/ On Approval)
- Download Pdf
Application to Transfer of Letter of Credit
- Download Pdf
Specimen of Customer's Letter for Documents (Scrutiny of Documents)
- Download Pdf
Letters of Guarantee
Letters of Guarantee
HideAmendment of (L.G)
- Download Pdf
Guidance for Filling Letter of Guarantee Amendment - IB
- Download Pdf
Application to Issue Letter of Guarantee
- Download Pdf
Letters of Guarantee Terms and Conditions
- Download PDF
Guidance for Filling Letter of Guarantee Issuance Application - IB
- Download Pdf
Guidance for filling LG Application and Amendment of LG
- Download Pdf
Islamic Trade Finance
SIB's wide-ranging Trade Finance solutions comprise innovative and flexible products and services.Letter of Guarantee
SIB Letters of Guarantee are a valuable tool that helps customers grow their businesses by providing peace of mind to suppliers and contractors, who are in turn assured of timely payment thanks to the firm backing and support of a reputable and financially sound banking institution.
Export LC Murabaha
For businesses that are looking to boost their export capacity and business activity, as well as bridge the gap between cash inflow and outflow, the Export LC Murabaha is the ideal solution. It is a unique product, featuring a combination of two Sharia’a-compliant structures: the Export Letter of Credit and Murabaha
Wakala Collections Murabaha
Is your bank not financing imports due to the company name on the invoice? The innovative WCM improves cash flow by reducing the gap between the payment of imported goods and the payment of the after sale. WCM enhances business opportunities of both local and global suppliers. For more details contact your RM.
Reach us
Customer Service
Monday – Thursday
9:00 am – 2:00 pm
Friday
8:30 am - 12:00 am
Notice
Your web browser is not fully supported by SIB and www.sib.ae. For optimal experience and full features, please upgrade to a modern browser.
You can get the new Chrome at Download Chrome.