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DOCUMENTARY CREDIT & DIRECT PAYMENT

A Documentary Credit is a conditional payment mechanism under which the issuing bank irrevocably promises to pay the seller/supplier if presented documents comply to the Credit terms and conditions. 

Direct Payment is a conditional payment against submitting invoices and delivering or shipping documents.

Murabaha Documentary Credit

  • A Murabaha Documentary Credit is issued under coverage of credit facility only and customers will settle the Documentary Credit in installment according to credit facility terms and conditions. 

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Product benefit

  1. Flexible payment plans.
  2. KFH global network of correspondent banks.
  3. According to sharia principles.
  4. Effective communication with our trade finance experts.

 

Fees

KFH Tariff list: CLICK HERE

 

Eligibility

  1. Credit Facility clients.
  2. Terms and conditions.
  3. According to credit facility terms and conditions.

 

Application

  1. Application for issuing documentary credit  : CLICK HERE 
  2. Application for amending documentary credit  : CLICK HERE 
  3. Cancellation of LG & LC: CLICK HERE

 

How To apply

  1. Trade Hubs – Non cash services Dedicated Banking branches to serve you
  2. ECorp - KFHONLINE for corporates
  3. Trade Finance reception counter - Head Office.

Documentary Credit

 

A Documentary Credit issued under coverage of credit facility or funded facility. A customer could settle the Credit from his own account.

 

Product benefit

  1. Competitive issuing fees.
  2. KFH global network of correspondent banks.
  3. Effective communication with our trade finance experts.

 

Fees

KFH Tariff list: CLICK HERE

 

Eligibility

  1. Credit Facility clients.
  2. Walk in client.
  3. Account with KFH.

 

Terms and conditions

  1. According to credit facility terms and conditions.
  2. Link to application from the back.

 

Application

  1. Application for issuing normal documentary credit : CLICK HERE 
  2. Application for amending documentary credit : CLICK HERE 
  3. Cancellation of LG & LC: CLICK HERE

 

How To apply

  1. Trade Hubs – Non cash services Dedicated Banking branches to serve you
  2. ECorp - KFHONLINE for corporates
  3. Trade Finance reception counter - Head Office.

Direct Payment

  • Direct payment to suppliers against shipping or delivering merchandise to Kuwait Finance House.

 

Product benefit

  1. Competitive issuing fees.
  2. KFH global network of correspondent banks.
  3. Effective communication with our trade finance experts.

 

Fees

KFH Tariff list: CLICK HERE

 

Eligibility

  1. Credit Facility clients.

 

Terms and conditions

  1. According to credit facility terms and conditions.

 

Application

  1. Application for direct payment : CLICK HERE 

 

How To apply

  1. Trade Hubs – Non cash services Dedicated Banking branches to serve you
  2. ECorp - KFHONLINE for corporates
  3. Trade Finance reception counter - Head Office.