ProviderZand Bank
Zand Bank Letters of Credit Facility
Eligibility unknownTrade FinanceImport and export facilities for trading companies.
Last verified Nov 11, 2026, 3:02 PM1 source behind these figures
Terms and conditions
| Facility | |
| Facility type | Letter of credit1 source
|
|---|---|
| Instruments | Sight LC, Standby LC, Tender bond, Performance bond, Documentary collection1 source
|
| Maximum tenor | 180 days1 source
|
| Pricing | |
| Margin | 5.59% p.a. flat1 source
|
| Setup fee | AED 0.001 source
|
| Shariah compliance | |
| Shariah structure | —No evidence recorded |
| Profit rate basis | —No evidence recorded |
| Shariah board reference | —No evidence recorded |
| Eligibility | |
| Minimum monthly income | AED 0.001 source
|
| Minimum age | 21 years1 source
|
| Maximum age at maturity | 70 years1 source
|
| Residency eligibility | Residents and UAE nationals1 source
|
| Eligible employer types | Self-employed1 source
|
| Minimum tenure | —No evidence recorded |
| Maximum tenure | —No evidence recorded |