Saadiq Letter of Credit (LC)
Standard Chartered Saadiq - LC provides your suppliers with assurance from a world class bank while respecting your Islamic values. When dealing with unfamiliar suppliers, you can be confident that payment will not be made until the documents are received and verified to be in order according to the agreed terms of the LC.
Saadiq Import Finance
Standard Chartered Saadiq can also provide financing solutions for the goods you import through our Saadiq Letter of Credit. It is based on the Murabaha Structure whereby the bank buys the goods from the foreign supplier and sells the same to you at an agreed profit margin.
Saadiq Shipping Guarantee
You need help to clear your imported goods expeditiously prior to receiving the shipment documents. Just ask us for a Saadiq Shipping Guarantee. By utilizing our guarantee, you can promptly get your goods cleared until shipment documents are received.
Saadiq Letter of Credit Confirmation
You may deal not only with unknown foreign buyers, but also with their less well known banks whose Letter of Credit may not give you sufficient comfort. We offer you Saadiq Letter of Credit Confirmation that gives you peace of mind that your payment is guaranteed by a leading international bank.
Saadiq Export Bills for Collection
You can simplify dispatch, payment tracking, and reconciliation of your export collections when you choose Standard Chartered Saadiq's counter for export collections. We can handle your collections requests the way you want through Documents against Acceptance, Documents against Payment or Clean Collections.
Saadiq Export LC Negotiation
At Standard Chartered Saadiq, we offer Export Bill Negotiation through our innovative Musawamah Structure. You can rely on Standard Chartered for financing your export transactions in a Shariah Compliant manner. In addition, Standard Chartered's thorough checking standards will reassure you that your documents will not be rejected. Strict service standards are applied to ensure that your documents are negotiated and dispatched quickly.
Saadiq Supply Chain Finance
Whether you are a supplier or a buyer, your bottom line is affected by your trading partners' financial strength. If your major buyers want to move from LC Terms to Open Account Terms, can you still obtain pre-shipment financing from your Bank? Can your sales cycle generate cash fast enough, if your major suppliers want to reduce your credit term? Standard Chartered Saadiq offers Supply Chain Financing as a solution to the financing needs of your entire supply chain in a Shariah Compliant manner.
You need to provide bank guarantee to your customers. Using the Islamic Financing Concept of Kafalah, Standard Chartered Saadiq offers tailored Islamic Solutions to meet all your performance, financial and other guarantee needs.
All charges will be applicable as mentioned in the Schedule of Charges (SOC) of Standard Chartered Bank (Pakistan) Limited.