Musharakah LC
Musharakah LC is a competitive Islamic short term post shipment financing provided to importers to settle their Sight/ Usance L/C.Musharakah functions like a limited partnership between Bank Albilad and customers who need to import certain goods and equipment, but do not possess sufficient funds to do so. In this type of transaction, the customer provides a portion of the funds and Bank Albilad provides the remaining funds. Bank Albilad then issues LCs to import the goods.
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