Letter of Guarantees:

In order to facilitate trade, IBA offers Shariah-compliant guarantee facility to its customers where the Bank provides different types of payment and performance guarantees on behalf of the customer.

Features:

  • Bid Bonds
    • Performance Bond
    • Mobilization Advance Payment Guarantee
    • Guarantee for Release of Retention Money
    • Credit Purchase Guarantee
  • Payment Guarantees
  • Guarantees

Guarantee (Kafalah (Surety)) Facility

  1. Free Guarantee Issuance Against 100% Cash Security Deposit (on Mudarabah Basis)
  2. Against 100% Cash Security Deposit
  3. Ijarah Muntahia Bittamleek (“Finance Lease”)
  4. Against Collateral and Cash Security Deposit