Shari'a Compliant Letter of Credit

This practice note should be read in conjunction with:

Shari’a Compliant Letter of Credit: Murabaha based contract: Promise to purchase Murabaha assets imported under letter of credit

Shari’a Compliant Letter of Credit: Murabaha based contract: Murabaha agreement

Shari’a Compliant Letter of Credit: Murabaha based contract: Agency agreement

It provides guidance on the law and Sharia issues relating to these three documents which together form a Sharia compliant letter of credit.

Practical Law Finance, based on a note by Huma Sodher for Zawya reviewed by Freshfields LLP

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