{"id":76889,"date":"2023-06-09T17:55:20","date_gmt":"2023-06-09T12:55:20","guid":{"rendered":"https:\/\/bankislami.com.pk\/?page_id=76889"},"modified":"2025-08-13T10:31:34","modified_gmt":"2025-08-13T05:31:34","slug":"trade-finance-services","status":"publish","type":"page","link":"https:\/\/bankislami.com.pk\/ur\/trade-finance-services\/","title":{"rendered":"Trade Finance Services"},"content":{"rendered":"
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Trade Finance Services<\/span><\/span><\/h4><\/header>
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BankIslami Pakistan Limited offers a wide range of solutions to facilitate its trade related customers. The Bank is rapidly growing its local network to manage correspondent relationships across the country. We are equipped with the trade specialists who are professional and can facilitate all your trade finance business requirements. Moreover, we have a wide and strong network of correspondent banking arrangements that can cater and offer Islamic financial solutions.<\/p>\n

BankIslami operates country wide trade centers to facilitate its customers in the best possible way and provide best services to our valued customers. The names of the major cities where the BankIslami trade centers operate to serve our customers as under:<\/p>\n

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  • Karachi Trade Centers<\/li>\n
  • Lahore Trade Centers<\/li>\n
  • Islamabad Trade Centers<\/li>\n
  • Rawalpindi Trade Centers<\/li>\n
  • Faisalabad Trade Centers<\/li>\n
  • Sialkot Trade Centers<\/li>\n
  • Gujranwala Trade Centers<\/li>\n
  • Multan Trade Centers<\/li>\n
  • Peshawar Trade Centers<\/li>\n<\/ul>\n

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    \u00a0 Trade Products Offered by BankIslami<\/strong><\/h5>\n

    Trade Function deals with the following three types of products in terms of broad category:<\/p>\n

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    • Imports<\/li>\n
    • Exports<\/li>\n
    • Guarantees<\/li>\n
    • Pakistan Single Window( PSW)<\/li>\n<\/ul>\n<\/div>\n

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      <\/div>
      Products for Imports<\/div>
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      1. Letter of Credit (Inland and Foreign)<\/strong><\/li>\n<\/ol>\n

        A letter of Credit issued by a bank to another bank (locally or in a different country) to serve as a guarantee for payments made to a specified person under specified conditions. Being an Islamic Bank, LC is always issued under a Shariah compliant arrangement.<\/p>\n

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        1. Import Contract Registration<\/strong><\/li>\n<\/ol>\n

          A Contract is an agreement between two parties in exchange of goods and services. Contract will be honored by the issuing bank if documents against it are presented as per the terms and conditions. However, the issuing bank is not liable for payment in case the applicant defaults or fails to honor the payment under contractual obligation. BankIslami opens bank contracts under URC-522 and within SBP regulations.<\/p>\n

          \u00a0<\/strong><\/p>\n

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          1. Import Open Account<\/strong><\/li>\n<\/ol>\n

            An Import Open Account is a transaction where Exporter of the goods dispatches the document to the Importer without opening of Letter of Credit. The goods along with all the shipping documents are dispatched to the Importer and the Importer approaches the bank to initiate payment for the goods received. BankIslami facilitates its clients to fulfill their eligibility criteria of the Import Open Account as per the SBP regulations.<\/p>\n

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            1. Imports Advance Payment<\/strong><\/li>\n<\/ol>\n

              Import Advance Payment is a pre-payment method in which, an importer makes the payment for the items to be imported in advance (prior to the shipment of goods). BankIslami is facilitating importers to fulfill their eligibility criteria of the Import Advance Payment as per the SBP regulations.<\/p>\n

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              1. Shipping Guarantee<\/strong><\/li>\n<\/ol>\n

                Issuance of Shipping guarantee is done either through endorsement of Air Way Bill (AWB) or issuance of guarantee in favor of respective shipping company. Shipping guarantee is required by a customer when goods have arrived at port of discharge or airport and the underlying shipping \/ transport documents have not been received by the LC issuing bank. In order to avoid demurrage & other port\/airport charges, a customer approaches the bank for issuance of guarantee in favor of respective shipping company or Endorsement of AWB along with their undertaking that \u201cthey will accept the documents despite any discrepancy(ies) therein\u201d.<\/p>\n

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                Products for Exports<\/div>
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                Funded facilities provided to exporters by BIPL:<\/strong><\/p>\n

                1)\u00a0<\/strong>Export Finance Scheme (EFS) & Shariah compliant Alternative of Rupeebased Bill Discounting (RBD) under EXIM Bank<\/b><\/strong>: <\/strong>Export Finance Scheme\u00a0and Shariah compliant <\/b><\/strong>Alternative of Rupee based Bill Discounting are schemes provided by EXIM Bank\u00a0which are concessional & short term financing facilities provided to exporters through banks for exports of eligible items and services especially value-added products. The bank offers these facilities using different Shariah Compliant modes of financing approved by Shariah Board.<\/p>\n

                2<\/strong>)<\/strong>\u00a0S<\/strong>hariah Compliant Financing Alternatives for Exporters<\/b><\/strong>: <\/b><\/strong>In order to fulfill the liquidity requirements of exports, BankIslami offers different Shariah Compliant alternatives of Bill Discounting and FE 25 Financings. The bank offers these facilities using different Shariah Compliant modes of financing approved by Shariah Board.<\/p>\n

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                Non funded services <\/u>provided to Exporters<\/u>\u00a0<\/u>by BIPL<\/u><\/strong><\/p>\n

                1) Export Bills against Letter of Credit: <\/b><\/strong>We are providing\u00a0the\u00a0speedy\u00a0services to exporters\u00a0for processing of\u00a0their\u00a0export bills against Letter of credit\u00a0where in customers do not required funded facility. Shipping\u00a0documents\u00a0are\u00a0dispatched to the\u00a0LC Issuing\u00a0Bank\u00a0and upon\u00a0receipt of\u00a0proceeds,\u00a0the exporters\u00a0account is credited on the same day, subject to negotiation of FX rates.<\/p>\n

                2) Export Bills on Collection: <\/b><\/strong>Exports under firm contract\u00a0(C.A.D\/DP) and usance basis are being facilitated\u00a0to exporter, Shipping\u00a0documents are\u00a0dispatched their\u00a0Drawee\u2019s Bank\u00a0and subsequently, upon receipt of\u00a0proceeds\u00a0exporter\u2019s\u00a0account is credited on same day, subject to negotiation of FX rates.<\/p>\n

                3) Export Advance Payment: T<\/b><\/strong>he safest mode of payment against\u00a0export wherein exporters get payment\u00a0before shipment from their buyers.\u00a0Payments are\u00a0processed on fast track\u00a0and exporter get their payment\u00a0in their accounts.<\/p>\n

                4)\u00a0Export Under Open Account basis: <\/b><\/strong>Exporters are being facilitated through open account\u00a0mode of transport.\u00a0 They are allowed\u00a0to\u00a0ship their goods any time\u00a0directly to their buyers and later on the shipping documents submitted at our counter. Upon receiving of proceeds\u00a0their against\u00a0were credited to same day in exporters.<\/p>\n

                5) Export LC Advising: <\/b><\/strong>Wherein\u00a0Exporters sell their goods under Letter of credit upon receiving\u00a0of\u00a0L\/Cs from their buyers. We facilitate them to advise their L\/cs.<\/p>\n

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                <\/div>
                Bank Guarantees<\/div>
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                1. \u06af\u0627\u0631\u0646\u0679\u06cc \u0644\u06cc\u0679\u0631<\/strong><\/li>\n<\/ol>\n

                  A Letter of Guarantee is an agreement by the Bank to effect payment to another party (beneficiary or oblige) if \u00a0Bank\u2019s customer (the principal) defaults in his debt or obligation (a job contact etc.) to the oblige. The parties to Guarantees are:<\/p>\n

                  Surety<\/strong>\u00a0\u2013 The surety is the party that issues the guarantee.<\/p>\n

                  Principal Debtor<\/strong>\u00a0\u2013 The person in respect of whose default, the guarantee is issued, is called the principal debtor.<\/p>\n

                  Creditor<\/strong>\u00a0\u2013 The person to whom the guarantee is given is called the creditor (beneficiary).<\/p>\n

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                  <\/div>
                  Pakistan Single Window Facility (PSW) <\/div>
                  <\/p>\n

                  The Pakistan Single Window is one of the most significant initiatives taken by Govt. of Pakistan to reduce the time and cost of doing business by digitalizing Pakistan\u2019s cross border trade and eliminating paper based manual processes. Further, this facility \/ initiative aims to provide an integrated electronic platform that allows parties involved in international trade and transport to lodge standardized information and documents with a single-entry point to fulfill all import, export, and transit regulatory requirements, where various stakeholders including Pakistan Custom, and Other Government Authorities (OGAs) involved in foreign trade regulations as well as transportation along with connecting port authorities, commercial banks, traders, freight forwarders and transporters etc. on a digital platform. For further detail please Click Here For Further Details<\/strong><\/a><\/span><\/p>\n

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