Exporters are critical to the economy as foreign exchange-earners. Shabelle Bank will provide exporters priority treatment. The bank will leverage on a range of Islamic banking tools to facilitate various aspects of the export process in a “Shari’ah” compliant manner. The following export elements will be facilitated through Shabelle Bank, export financing.
- Exports under Collection (DP & DA)
- Exports under Documentary Credit (Sight & Usance)
Shabelle bank will also facilitate requirements for bonds/guarantees that are required by an importer.