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Trade Finance
Bank Guarantee

Bank guarantee is an instrument which business partners can use to strengthen and/or secure an obligation in their contract.

We offer bank guarantee under Kafalah contract. Kafalah is a contract in which a third party becomes a surety i.e. provides guarantee for the payment of debt on behalf of the debtor.

It is a pledge given by a third party to a creditor to the effect that if the debtor defaults in payment of the debt, it will be paid by such third party as kafeel i.e. Surety.

 
Types of Bank Guarantee
  • Unsecured Tender Guarantee/Bid Bond
  • Performance Bond
  • Advance Payment Guarantee

The bank collects fees for the services.

 

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