Islamic Bank Guarantee

Bank Guarantee (BG) issued by City Islamic covers an agreement by the Bank to pay another party (the beneficiary) if the Bank’s customer (the principal or applicant) defaults in his debt or obligation (a job contract) to the beneficiary.

Types of Bank Guarantee (BG) We provide

  • Bid Guarantee
  • Advance Payment Guarantee
  • Performance Guarantee
  • Retention Guarantee
  • International Guarantee

Shariah Pronouncement

﴿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 Bank Guarantee related documentation, contracts and processes.

Therefore, We the “Shariah Supervisory Committee” for City Bank confirm that in our opinion the Bank Guarantee documents & 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