Emirates Islamic is proud to present itself as one of the most active Islamic counterparts in the region when it comes to trade products, from simple trade transactions, to sophisticated and more complex trade solutions. The relationships that the FI team maintains, ensures a one-stop-shop for all cross border and domestic trade requirements.
Our sample offerings include:
- LC Advising: Globally acceptable LC Advising to a network of nearly 1,000 RMAs. We can actively support as first advising bank using our wide range of RMAs.
- LC Financing: Globally acceptable Confirming, Financing, and Avalizing Bills, etc. EI’s Credit Rating allows supporting imports’ needs, even when the beneficiary is not located in the UAE.
- Guarantees: Tender Bonds, Performance, Advance Payment, Financial Guarantees.
- Cash Covered Transactions: We can add our confirmation to issue our local guarantee against 100% cash margin. This allows us to take risk on banks without having credit limits in place.
- Active Risk Participation Desk (Buying & Selling): EI is active in funded and unfunded risk participation with banks under IIFM-BAFT MRPA. We are active sellers and buyers in certain geographies.
