1.10 Variations Supported for an Islamic LC

An Islamic LC being a very flexible payment mechanism can be made available to the customers of your bank in a number of popular variations.

This topic contains the following sections:

1. Red Clause Letter of Credit
2. Revocable and Irrevocable Islamic LCs
3. Transferable and Non Transferable Islamic LCs
4. Revolving and Non Revolving Islamic LCs
5. Sight and Usance Islamic LC
6. Open Ended Islamic LCs
7. Cash Collateral against an Islamic LC
8. Availment against an Islamic LC

• Red Clause Letter of Credit
  
• Revocable and Irrevocable Islamic LCs
  
• Transferable and Non Transferable Islamic LCs
  
• Revolving and Non Revolving Islamic LCs
  
• Sight and Usance Islamic LC
  
• Open Ended Islamic LCs
  
• Cash Collateral against an Islamic LC
  
• Availment against an Islamic LC