Import Solutions

We’ll finance your operations

Our Import Financing Solutions help businesses import the goods they need to grow and succeed. Our team of experts work closely with customers to provide flexible and customised financing options, including letters of credit and short-term finances. Our solutions ensure that businesses can take advantage of growth opportunities and remain competitive while protecting against default risk.

Letter of Credit (LC)

Make importing easier with our Letter of Credit (LC) service. With our payment commitment, you can manage your cash flow throughout the entire order and delivery process with ease. We will provide you with the support you need to confidently conduct your international trade. Benefit from our expert knowledge and experience in providing reliable and secure LC solutions.

Finance Against Trust Receipts (FATR)

Fund your imported goods shipments with ease using our Murabaha Finance Against Trust Receipts (FATR). Our FATR Solutions require minimal setup and come with no interfaces, making it simple for you to manage your finances. Our flexible and secure funding is designed with import-oriented business goals in mind.

Short Term Finance (STF)

Our Short Term Finance (STF) Solution helps businesses finance their advanced payments to suppliers. Our team of experts provides prompt and flexible financing options to ensure businesses have the resources they need to take advantage of growth opportunities. With our STF, businesses can secure their supply chain and make advance payments with confidence.

We’ll take care of the paperwork

Focus on growing your business and let us handle your import and export collection documents. Our experienced team will work closely with you to manage all aspects of your import and export collections, including documentary credits, collections, and remittances with precision and reliability.

Documents Against Payments (DP / CAD Basis)

Apply for a Murabaha Finance Against Invoices (FAI) for advance payment to suppliers.

Easily manage the cash flow throughout the order and delivery process by providing payment commitments against transactions.

Documents Against Acceptance (DA Basis)

Give your business the payment commitment it needs with our Document Against Acceptance (DA Basis) service. With our reliable and secure Document Against Acceptance service, you can have peace of mind and complete control over your business finances.

SME Prime Rate as of 01st May 2023

Effective 1st May 2023, the SME Prime will be revised to 15.50% per annum i.e. from existing rate of 15.00% to 15.50%. Business Finance availed against SME Prime Rate, Facilities which are offered against SME Prime Rate and granted through the Banking Arrangement Letter, or RAKislamic Trade Finance which are offered against SME Prime Rate and granted through the Financing Arrangement Letter duly executed by you will be eligible for this rate revision. All other Terms and Conditions set out for the above shall remain the same and continue to be in force.

At your service

We offer comprehensive Working Capital Finance options through a combination of experienced Relationship Managers and advanced technology with TRADEASSIST.

TRADEASSIST streamlines Trade Finance transactions and provides a quick, efficient solution for our corporate and business clients. Our dedicated team is always available to assist and support you in your financial endeavours.

For access to TRADEASSIST, visit one of our service desks or call us during business hours, Monday to Friday from 8:00 AM to 6:00 PM.

Please visit our Branch Locator for more information on our operating times.