Islamic Trade Finance
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App #084 ยท Letters of Credit ยท Murabaha
Issue Trade Instrument
Halal Trade Finance
๐ Letter of Credit
๐ช Murabaha
๐๏ธ Istisna
โ๏ธ Salam
Islamic Letter of Credit โ bank guarantees payment upon document presentation. No riba. Fees are service charges (ujrah), not interest.
Applicant (Importer)
Beneficiary (Exporter)
LC Amount (USD)
Currency
UUSD
USD
SAR
AED
Trade Route
Australia โ UAE
Malaysia โ Saudi Arabia
Indonesia โ Kuwait
USA โ Qatar
Expiry
Goods Description
Incoterms
CIF
FOB
CFR
Issuing Bank
Abu Dhabi Islamic Bank
Dubai Islamic Bank
Kuwait Finance House
Issue LC on Ultra Chain โ
Active Trade Pipeline
3 Open Transactions
LC-UC-2026-4821
IN TRANSIT
๐ฆ๐บ Australia โ ๐ฆ๐ช UAE
Goods:
Halal Beef 250MT
Bank:
ADIB
ETA:
Apr 28
$2,500,000
MRB-UC-2026-3344
PENDING DOCS
๐ฒ๐พ Malaysia โ ๐ธ๐ฆ Saudi Arabia
Goods:
Palm Oil 500MT
Type:
Murabaha
Markup:
3.2%
$840,000
LC-UC-2026-2891
SETTLED
๐บ๐ธ USA โ ๐ถ๐ฆ Qatar
Goods:
Medical Equipment
Bank:
QIB
Date:
Apr 12
$4,200,000
Islamic Instruments
Murabaha
ุงูู ุฑุงุจุญุฉ
Bank buys goods, sells to customer at disclosed markup. No interest โ price known upfront.
Istisna
ุงูุงุณุชุตูุงุน
Contract for manufacture. Bank finances production of custom goods. Payment flexible.
Salam
ุงูุณูู
Advance payment for future delivery of commodities. Used in agriculture and oil trade.
Wakalah
ุงูููุงูุฉ
Agency contract. Bank acts as agent for defined fee (ujrah). Customer bears full risk.
Network Stats
TRADE VOLUME YTD
$2.84B
SETTLEMENT: T+0 vs T+5
2 seconds