Islamic Import Letter of Credit

Letter of credit (LC) issued by City Islamic gives you and your suppliers comfort and security by helping to mitigate the inherent risks of international trade. The bank substitutes its own credit for that of the importer to pay for goods and services within a prescribed time limit and against compliant documents. With LCs, payments will only be made upon presentation of the required documents, giving comfort to both buyer and supplier.


  • Financial strength
  • Dedicated Relationship Manager’s Assistance
  • Special LC options

Payment can be effected at sight or deferred basis.

Types of Letter of credits issued by City Islamic

  • Sight LC
  • Deferred LC
  • BTB LC

Forms of Letter of credits issued by City Islamic

  • Murabaha LC
  • Wakalah LC

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 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