Al Baraka’s International Banking provides you with the complete banking solution to suit your business needs.
Documentation letters of credit
Letters of credit are governed by global rules contained in the Uniform Customs and Practice for Documentary Letters of Credit and safeguard both the supplier and buyer.
Bills are governed by global rules contained in the Uniform Customs and Practice for Documentary Collections. The importer receives documents for clearance of goods imported in exchange for payment or acceptance of the Bill of Exchange where payment terms have been given by the supplier.
Swift transfers are a secure, efficient, quick and inexpensive way of remitting funds between banks globally.
Al Baraka Trade Finance is designed especially for existing and prospective clients whom a revolving Trade Finance is essential.
An authorized dealer we are able to provide you with immediate and competitive spot exchange rates for all your overseas commitments.
As an authorized dealer we are able to handle all your exchange control applications to the Reserve Bank.