Imports
For businesses looking to grow by importing goods and services, navigating the complexities of international procurement can be challenging. Our import finance solutions are fully Shari'ah compliant and designed to streamline the purchasing process, enhance payment security, and improve cash flow management. By leveraging our comprehensive suite of import services, businesses can mitigate the risks associated with international sourcing and focus on expanding their product offerings and market presence.
A Letter of Credit is a commitment by the importer's bank that payment will be made to the exporter, if the terms and conditions specified in the LC are strictly adhered to. It acts as a crucial tool in managing payment risks in international trade.
Advantages:
- Ensures payment security for the exporter
- Provides the importer with control over the use of documents
- Facilitates smooth international trade transactions
Our Import LC service secures your payments while ensuring that while the goods are shipped, documents are released as per the agreed terms and thereby a reliable supply chain.
This service involves the importer's bank who handle documents in accordance with specific instruction from the Exporter's bank. The documents are released against payment or acceptance and thereby ensure payment and delivery of documents.
Advantages:
- Enhances transaction security with controlled document release
- Streamlines the payment process for imports
- Offers a cost-effective solution for managing international purchases
Import Finance, or Trust Receipt , provide short-term financing to importers to pay for their goods before the proceeds from their sale are received. This helps in managing the cash flow gap between paying for imported goods and receiving payment from their sale.
Advantages:
- Improves liquidity by providing immediate funds for payment
- Bridges the gap between payment and sales proceeds
- Supports smooth and continuous import operations
With our Import Finance service, you can ensure timely payments to your suppliers while managing your cash flow efficiently, enabling uninterrupted business operations and growth.
Exports
Whether you are a new or well established exporter, CBD Al Islami is there to help you to manage your risks, allowing you to focus on growing your business. Our export finance solutions are designed to mitigate the risks associated with exporting, ensure timely payments, and improve cash flow, thereby enabling businesses to trade with confidence on the global stage.
Advantages:
Export Documentary Collections involve the handling of documents necessary for the shipment of goods by the exporter's bank to the importer's bank, with specific instructions for the release of those documents to the buyer against payment or acceptance.
Advantages:
- Simplifies international sales transactions
- Offers a cost-effective alternative to LCs
- Provides a secure method of document presentation and payment
With our Export Documentary Collections service, businesses can benefit from streamlined processing and enhanced security in document handling, ensuring that international sales are conducted efficiently.
A financing mechanism that allows exporters to obtain immediate cash by selling their invoices or bills of lading at a discount before the payment due date. This service improves liquidity by providing upfront cash flow.
Advantages:
• Immediate improvement in cash flow
• Reduction in credit risk
• Allows businesses to leverage sales without waiting for payment terms to conclude
• Value Proposition: Our Bills Discounting service provides your business with the financial flexibility to reinvest in operations and growth opportunities by unlocking the value of receivables ahead of schedule.
Trade Services
At CBD Al Islami, we understand that trade finance is more than just financing transactions. It is also about providing strategic advice and solutions that help you optimise your trade flows, mitigate risks, and enhance your competitiveness in the global market. That is why we offer a comprehensive range of trade services and advisory solutions to support your business needs.
iTrade, our digital trade finance platform: We leverage the latest technology to offer you fast, convenient, and a secure online platform for your trade transactions. Our iTrade platform allows you to initiate and manage your trade finance portfolio from anywhere at anytime, with features such as real-time tracking, automated alerts, and customized reports.
We have established strong relationships with correspondent banks across the world, covering key trade corridors and emerging markets. This enables us to offer you competitive pricing, fast processing, and enhanced reach for your trade transactions.
With our trade services and advisory solutions, you can benefit from:
- Enhanced efficiency and convenience: You can streamline your trade processes and reduce your operational burden by using our digital platforms and automated solutions.
- Improved cash flow and working capital: You can optimize your cash flow and working capital by accessing flexible and timely financing options for your trade activities.
- Greater security: You can protect your business from various trade risks and uncertainties by using our trusted and reliable trade products and services.
- Increased competitiveness and growth: You can gain an edge over your competitors and expand your business opportunities by leveraging our expertise and network in the global trade arena.
Guarantees
In business, buyers, sellers and others involved need to be sure that their counterpart can be trusted to perform the intended contractual obligations. A bank guarantee is used as a protection against non-fulfillment of another party's obligations. Guarantees from CBD Al Islami provide your business with a robust financial safety net, ensuring your commercial commitments are met with unwavering reliability.
- Tender Guarantees
- Performance Guarantees
- Advance Payment Guarantees
- Retention Money Guarantees
- Labour eGuarantees
- Maintenance Guarantees
- Financial Guarantees
- Cross-border Guarantees via Correspondent Banks
- Any specifically tailored Guarantee structure
Commodity Finance
Our Commodity Finance team aims to provide regional and international trading firms with comprehensive solutions for business financing with tailor-made products such as import financing, short-term bridge and warehouse financing, and receivable financing.
Our Commodity Finance services enable your business to navigate the complexities of commodity markets with tailored financing solutions that support your trading activities, manage risks, and help secure profitability. We also cover all underlying commodities in:
- Energy
- Agribusiness
- Metals
- Precious metals (except gold and silver)
- Stones
- Broad international coverage
- Flexible financing that aligns with the commodity trade cycle
- Risk mitigation tools tailored to the volatile nature of commodity markets
- Access to a range of structured financing options to support trading activities
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