Trade Services | Transaction Banking | AlSalama Bank
overlay-circle

Search ASB

overlay-circle
Branches & ATMs Contact Us
chat-avatar
Fatima from ASB
Just now

Looks like you may be taking time to decide. May I help you with something?

Reply > No Thanks

Trade Services

  • Expert
    Relationship Management
  • E-trade Banking
    Accessability
  • Shariah Solutions
    Compliance
  • Dedicated
    Customer Service Centres
Request Callback Find a branch

Trade Services

trade-services

With a range of customisable products and services, handle your local and international business trade requirements with the experts.

import-services-310x178

Import Services

Partner with establishments around the world and watch your business flourish with our wide range of import trade services.

LIST OF SERVICES

  1.  Documentary Credits: - Standard Letter of Credit (Local / Foreign) - Transferrable Letter of Credit - Standby Letter of Credit - Revolving / Non-Revolving Letter of Credit - Back to Bank Letter of Credit - Structured Letter of Credit
  2. Bills for Collection: - Documents against Payment (D/P) - Documents against Acceptance (D/A) - Avalization of Inward Collection Bills
  3. Open Account: - Usance Payment - Sight Payment
  4. Finance under following Islamic Finance modalities: - Murabaha Finance - Wakala Murabaha Finance
  5. Shipping Guarantee / Delivery Order: - Facilitation to release goods in the absence of original shipping documents.
  6. Syndication: - Under Syndication Portfolio, ASB Trade Finance Unit is handling extremely high value transactions where ASB shares the risk with the participating bank

Show More
export-services-310x178

Export Services

Deal with the intricacies of export trade with our range of services designed to support your business requirements, clearly and comprehensively.

LIST OF SERVICES

Documentary Credits: - Advising of Letters of Credit - Confirmation of Letters of Credit - Reimbursement Payment Undertaking (IRU) - Transfer of Letter of Credit - Negotiation of Bills under Export Letter of Credit - Structured Letter of Credit

Bills of Collection: - Document against Payment (D/P) - Document against Acceptance (D/A)

Export services based on Islamic Finance structures:

  1. Sharia-based Commodity Morabaha
  2. Assignment of Proceeds Cases
  3. Letter of Guarantee: - Bid Bond - Performance Bond - Retention Bond - Maintenance Bond - Advance Payment - Warranty Bond - Financial Guarantees (Payment) - Counter Guarantee (Local & Cross Border) - Risk Participation Guarantees (Under Syndicated Deals) - Claim Settlement (Mail / Swift Methodology)

Show More
Wala'a Dirhams

A Better Way To Trade

With 100% Sharia-compliant trade solutions as well as dedicated customer centre support and E-Trade banking facilities for online transaction access, look forward to our continuous support in your trade business journey.

Along with a comprehensive range of customized trade products & services, our Trade Relationship Management team focusses on providing high levels of trade advice and consultancy services at every step. Rest assured that each transaction is handled by certified professionals, with a compliance monitoring process in place to track and manage business, whilst focussing on risk diversity and sanctions. Other features include a competitive trade tariff, flexible Service Level Agreement, user-friendly forms, Help Desk access, preferential foreign currency exchange rates, risk coverage (compliance/sanction/AML) and governing trade rules (UCP/URC/ISBP/URDG/URR).

Show More

Any Questions?

How to apply for trade transaction?
Meeting with clients to understand business modalities is a major concern and trade services staff actively support business segment relationship managers in this regard. Once the formalities are complete, (which may include documentation, account opening, due diligence and review of relevant information) the approval process grants regular facility limits or one off transaction limits to customers. In some cases, such as Export LC advising and presentation handling, the bank also accommodates non-customers, subject to routing the same through established banking channel.
Is there additional protection in terms of Compliance and Pre-Inspection?
Knowing the importance of Global Compliance Risk, AlSalama Bank adheres to Compliance Operative Laws and both local and international regulations, covering all types of sanctions and ensuring trade transactions are carried out within set regulations. As a customer, you also receive coverage of third party inspections for subject goods under the Pre-inspection Protective Clause Modality, controlling any irregularity on goods shipped.
Why choose AlSalama Bank for Trade Finance?
  1. We are the leading Islamic financial institution in the region, with a comprehensive Sharia Board in place to facilitate smooth structuring of trade transactions within Islamic ambit
  2. Over 40 years of International Trade Finance Experience with Full Fledged Trade Platform Facilitating Imports, Exports, Guarantees, Islamic Finance to Innovative Structured Solutions
  3. International Group Network Force Covering UAE, Pakistan and Kenya powered with Firm International Trade Expertise Catering both Local & Cross Border Trade Transactions
  4. Global Leading Financial Institutions Being Our Preferred Correspondents providing Comprehensive Range of Trade Product Service Deliverability
  5. Fully Complied with Local & Global Risk and Regulatory Environment For Screening and Controlling Trade Transaction Risk
How to mitigate Bank and Country Risk?
ASB’s network of correspondent banks comprises of leading financial institutions around the globe that provide trade services, capable to add value / control risk and ensure premium service delivery to our valuable customers which includes Advising (Adv) & Confirmation (Conf) and payment undertaking covering typical Bank & Country Risk profiles. We at ASB Trade ensure bridging between you and our correspondent for arranging timely pricing and smooth arrangement at your door steps for such structured trade transactions.
How easy is an access to Trade Ops for an enquiry
The Three level access to trade operations is as follows:
  1. Relationship Management (Advisory / Consultancy / Expert Advice)
  2. Help Desk (Trouble Shooting / Enquiries Handing)
  3. Trade Counters (In person Deliver both inbound / Outbound)
  4. Contact List for enquiries to dedicated staff working at Customer Service Delivery (refer above)
Do you offer export LC discounting under the Islamic structure?
We provide Commodity Murabaha Solutions in compliance with the Sharia principles on the shipment taking place under documentary credit and acceptance of the issuing bank in that regard as per prescribed format required by ASB.
30 February 2025

AlSalama Bank celebrates next generation of leaders

22 February 2025

AlSalama Bank and Emirates Skywards soar to new heights launching co-branded credit cards

18 February 2025

AlSalama Bank Group 1st Half 2018 Financial Results

24 June 2018

ASB Champions Customer Happiness With 9th Double Your Salary Draw

18 June 2018

A Fresh New Look to the World’s Oldest Islamic Bank

Thanks, we will get in touch with you shortly.