Overview of Trade Related Services
DIBPL offers a range of solutions to help you in your trade transactions. The Bank’s 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 and experience.
Some of our trade related services are as follows:
Letters of Credit
Our Corporate Banking offers the complete suite of trade services to facilitate our customers. We are geared to handle all customer requirements for Letters of Credit. Dubai Islamic Bank has relationship arrangements with leading banks in Pakistan and around the globe which enables acceptance of LCs issued by DIBPL at all major trade destinations.
Letters of Guarantee
At corporate banking, we handle issuance of Letters of Guarantee on behalf of our customers. We issue various types of guarantee instruments such as Bid Bonds, Performance Bonds, Advance Payment Bonds and Payment Bonds etc. as per the requirements of various public and private entities.
Registered Import Contracts
Our customers can also utilize our services for issuance of registered Import Contracts to fulfill their import requirements. The customers do not require separate limits for issuance of Bank Contracts from our counters.
Collection and Negotiation of Export Documents
We offer all export related services including collection of export documents and processing of proceeds. We also provide negotiating services to our export oriented customers under Shariah approved product structures.
Our customers can protect themselves from exchange rate risks arising out of volatile currency movement scenario using our Forward Cover offering. A Shariah Compliant forward exchange contract between bank and its customer is where rate of exchange is fixed immediately, for the buying and selling of one currency for another, for delivery at an agreed future date.
Inward and Outward Remittance
Our Corporate customers can avail inward and outward remittance services in line with allowances made by State Bank of Pakistan. We handle remittance business of various types across various business segments of the economy.