Payment can be effected at sight or deferred basis.
﴿بسم الله الرحمن الرحيم﴾
الحمد لله رب العالمين، والصلاة والسلام على رسول الله، وعلى آله وصحبه أجمعين.
Approval of Shariah Supervisory Committee
The Shariah Supervisory Committee of City Bank has reviewed Islamic Import Letter of Credit documentation, related contracts and processes.
Therefore, We the “Shariah Supervisory Committee” for City Bank confirm that in our opinion the Islamic Import Letter of Credit products & processes are in accordance with the principle of Islamic finance and hence we allow the bank to provide this products & services to its customer.
And Allah Knows Best.
Dr. Md. Anwar Hosain Molla
Shariah Supervisory Committee, City Bank
This certificate was signed on Tuesday 11th May 2021