Issues of Islamic Letters of Credit in Trade Finance

Islamic Banking happens to be one of the fastest growing sectors in the Global Banking Industry. With the growth of the Islamic Banking and it's various departments, there has been a significant development in the Islamic Banking Trade Finance products. Letters of Credits have always played a very important role in the Trade Finance Departments. However, the structure of Letter of Credits in case of Islamic Banking is somewhat different than the convention letters of credit. An attention-grabbing research study in this context is to find out the issues that are faced during the progressive implementation of Islamic Letters of Credit.

Autorentext

Sr. Basim Javed - Manager Relationship, MCB Islamic Banking. Sr. Atta UR Rehman - Director Académico, Zona de Administração de Futuros Inovadores. Sr. Fahad Ahmed Qureshi - Chefe de Departamento, Escola de Economia, Banca e Finanças Islâmicas, Membro Associado da MUL - CRAC, Investigador da Universidade de Cambridge - CAPS, Universidade Estadual do Arizona