A Letter of Credit is a conditional payment mechanism under which the issuing bank irrevocably promises to pay the seller/supplier if presented documents comply to the LC’s terms and conditions.
A murabaha LC is letter of credit issued under coverage of credit facility only, and a customer could settle the LC installments according to credit facility terms and conditions.
KFH Tariff list: click here
Credit facility clients
According to credit facilities terms and conditions.
A normal LC is letter of credit issued under coverage of credit facility or funded facility. A customer could settle the LC from his own account.
We are always pleased to serve you
USA & Canada
You can contact us by clicking the ‘contact us’ button. We will get back to you as soon as possible, whether you need to report a problem, have inquiry or suggestion