BML Islamic Letter of Credit, or LC, is Shari’ah compliant facility offered by BML Islamic to make a payment to a named beneficiary (seller) within a specified time. The payment will be made once documents which comply strictly with the terms of the LC are presented.
BML Islamic Letter of credit facilities will be issued based on the Islamic Banking concepts of Wakala and Murabaha.
LC issuance commission per quarter 0.35%
SWIFT charge USD 50
Minimum commission USD 25
You can view the complete BML Islamic Schedule of Charges & Fees here
Please submit the completed application form along with the required documents to BML Islamic Male’ Branch or any other Branch outside Male’.