Documentary Credit (Credoc)
The irrevocable international bank guarantee for your foreign trade transactions.
Corporate Solution100% Sharia Compliant
Documentary Credit (Credoc)
Al Baraka Bank’s irrevocable undertaking to pay the foreign supplier upon presentation of documents strictly compliant with the ICC Uniform Customs and Practice for Documentary Credits (UCP 600).
Terms & Features
- •Irrevocable and confirmed Credoc
- •Transferable Credoc, Stand-By Letter of Credit
- •Worldwide network of top-tier correspondent banks
Competitive Advantages for your Business
Absolute security of delivery for the buyer and of payment for the seller
Corporate Banking Division
Corporate Banking Desk
Benefit from a team dedicated to complex financing structures, syndications and foreign trade operations.
Corporate Line: (+216) 71 183 220