Standard Chartered Bank UAE - SME Banking - Working Capital

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Saadiq SME Trade Services

Saadiq SME Trade Services

Standard Chartered Saadiq SME Trade Services, a world-class Shariah compliant solution for your trading needs.

If you are an importer, exporter or domestic trader, we have an international network to support you, wherever you choose to do business. At Standard Chartered Saadiq, we provide a full suite of Shariah compliant transaction banking products to complement your trading business.

Saadiq Letter of Credit (LC)

It gives your suppliers the assurance of a world-class bank. When dealing with new suppliers, you can be confident that payment will be made only after the documents are received and verified, as per the agreed terms of the LC.

Saadiq Import Financing

This service helps provide financing solutions to pay for the goods you import through our Saadiq Import Finance. It is based on the 'Murabaha' structure where the Bank buys the goods from the foreign supplier and sells them to you at an agreed profit margin.

Saadiq Shipping Guarantee

For clearing your imported goods prior to receiving the shipment documents, you'll need the Saadiq Shipping Guarantee. By utilising our guarantee, your goods will be cleared until such time that your shipment documents are received.

Saadiq Invoice Financing

Meet your import and export financing requirements with complete financing solutions. Using the Shariah compliant concept of 'Musawamah', we offer Islamic export finance to meet your (non LC) export financing needs. We also offer you the flexibility to fund your (non LC) imports through our Islamic import invoice financing, based on the 'Murabaha' structure.

Saadiq Performance Bonds and Other Guarantees

Saadiq Performance Bonds provide a bank guarantee to your customers by using the Islamic concept of 'Kafalah'. Using our expertise we offer you customized solutions that meet all your performance bond, financial and other guarantee needs.

Saadiq Export Letter of Credit Confirmation

It gives you peace of mind knowing that your payment is guaranteed by a leading international bank in compliance with Shariah principles. This is extremely useful when dealing with new buyers or less familiar banks.

Saadiq Export Bills for Collection

To handle your collection requests by facilitating documents against acceptance, documents against payment or clean collections as per agreed terms. It eliminates many of your exporting hassles and helps simplify dispatch, payment tracking and reconciliation of your export collections.

Saadiq Export Bills under LC

Finance your export transactions in a Shariah compliant manner with Saadiq Export Bills under LC, using our innovative 'Musawamah' structure. In addition, our stringent checking standards and world-class service are applied to ensure that your documents are accepted, negotiated and despatched quickly.