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What DIBPL Offers
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Import Murabaha
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Exports
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Local Supplies
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Guarantee
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DIBPL offers a range of solutions to help you in your trade transactions.
The Banks rapidly expanding local network befittingly complements the extensive experience
it has acquired in managing correspondent relationships across the globe.
Our Sales and Service Outlets have the infrastructure in place to ensure that your
documents are processed accurately and in the fastest possible time. Our trade professionals
look forward to sharing with you their trade related knowledge.
Remember, we are just a phone call away!
Call 111-786-342 for further details. |
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Wakala Istithmar Facility (Exports) |
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A unique structure tailor-made for the exporters of the country, the Wakala Istithmar
facility which has been developed under the direct guidance of Sharia
to meet the working capital requirements of exporters and local manufacturers speaks volumes
about our Shari’a expertise and edge in bringing new Shari’a compliant products
to the market for promotion of Islamic banking and ridding those who desire Halal
income from interest-based financing.
Through this facility DIBPL is able to finance the exporter before
shipment, be it in pre-manufacturing or post manufacturing scenarios.
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Wakala Cum Istisna’a Facility (Local Supplies) |
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Istisna’a is a contract for manufacturing or construction whereby the manufacturer
sells to the buyer, goods of specific description, at a fixed price, which the manufacturer
shall make from raw material of its own and deliver to the buyer at a future date.
Istisna cum Wakala is a two-leg short-term trade finance solution which enables a manufacturer to fulfill
his payment obligation under a documentary credit presentation and allows time for
the goods to be cleared, manufactured and stocked. Once the
goods are delivered to the buyer, the customer then sells the goods, in its capacity
as the agent of the bank to creditworthy and trusted buyers and realizes the sale
proceeds on behalf of the Bank. Such finances are offered in conjunction with
L/Cs to corporate customers under Wakala Istisna facility. |
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Guarantee
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A guarantee is issued by DIBPL (the guarantor) on behalf of
its customer (the applicant) in favor of a third party (the beneficiary), for fulfillment
of specifically defined contractual and/or financial obligations of the applicant.
If the obligations are not fulfilled by the applicant, the guarantor will pay upto a certain amount to
the beneficiary on non-performance
of the obligations by the applicant.
Exchange Regulations for Guarantees in Pakistan are governed under Chapter XIX of
Foreign Exchange Manual (FEM) of the State Bank of Pakistan. Internationally, (ISP-98)
International Standby Practices 1998 of International Chamber of Commerce (ICC)
Publication No.590 also apply. |
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Import Murabaha |
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Import Murabaha is a product, used to finance a commercial transaction which consists
of purchase by the Bank (generally through an undisclosed agent) the goods from
the foreign supplier and selling them to the customer after getting the title to
and possession of the goods. Murabaha financing is extended to all types of trade
transactions i.e., under Documentary Credits (LCs), Documentary Collections and
Open Account |
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