Hong Leong Islamic Bank - Letter of Credit-i

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  • Letter of Credit-i >
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Based on the concept of Al Wakalah (Agency)

  • letter credit i facilitate payment usp en To facilitate payment of raw material/trading goods
  • letter credit i Islamic Letter usp en Islamic Letter of Credit
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Features & Benefits

Facilitate Payment

To facilitate the import and/or local purchase of Shariah compliant raw materials/trading goods (related to business) with bills drawn at sight or with usance period approved by the Bank.

Upfront Commission

Subject to an upfront commission of 0.1% per mensem (by the month) or a minimum of RM50/-, or at another rate as determined by the Bank.

Islamic Letter of Credit

The Islamic Letter of Credit is based on the concept of Al Wakalah which means the Bank will act as an agent for your company by issuing a letter of credit-i to a third party to pay the amount stipulated therein upon the third party’s fulfillment of conditions stated in the letter of credit at a determinable future date.

Fees & Charges

Trade Services-i Fees & Charges

PDS

Trade Services-i Cut-off and Turn-around Time
Product Disclosure Sheet - EN
Helaian Pendedahan Produk - BM
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For enquiries connect with us online or drop by your nearest Hong Leong Bank Branch.


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