Trade Services
At NIB clients can achieve optimum value from the benefits and practicality of Islamic financing. We offer an extensive range of trade-related services and other international services. The bank is geared to handle all forms of letters of credit and guarantees. Whether importing for local consumption or for re-exports, NIB offers appropriate solutions with the highest global standards in service quality.
Opening and managing letters of credit – transferable, revolving, standby etc – is a core function of the bank’s trade finance department, while letters of guarantee are in operation to cover significant amounts in key business areas such as bid bonds, performance bonds, advance payment guarantees, retention monies, maintenance, labour, and customs duty.
