Commercial Services

Tadhamon International Islamic Bank (TIIB) is one of the most leading Yemeni banks supporting the national economy. This leadership is reflected in providing services such as financing local and international trade represented by major import and export groups and companies. For its strong financial position and highly qualified staff, TIIB provides a wide range of payment methods such as LCs, Documentary Collections, and Banking Guarantees. Through a global network of correspondent banks in most countries around the world, TIIB is the most preferred partner of exporters and importers of different types of goods.

Tadhamon International Islamic Bank (TIIB) is one of the most leading Yemeni banks supporting the national economy. This leadership is reflected in providing services such as financing local and international trade represented by major import and export groups and companies. For its strong financial position and highly qualified staff, TIIB provides a wide range of payment methods such as LCs, Documentary Collections, and Banking Guarantees. Through a global network of correspondent banks in most countries around the world, TIIB is the most preferred partner of exporters and importers of different types of goods. In addition, TIIB pays its attention exclusively to developing trade solutions which bring the mutual benefit of all parties practicing the international trade.

 

 

  • Documentary Collections:

Documentary collections are ones of the low-cost methods of payment based on trust between an exporter and the importer. TIIB provides its clients with different documentary collection options, such as documents against payment, documents against deferred payment, bank guarantee deferred payments, and L/C Murabaha Financing, under which TIIB pays the value if documents which shall be then repaid by clients on monthly installments.

 

 

  • Letter of Credit Advising:

Letter of Credit (L/C) is often used as a means of payment to finance international trade to execute international trade (import and export) agreements between the trading partners, especially if the importer has no direct relationship with the beneficiary. Therefore, we serve our clients through our global network of banks and our ability to advise letters of credit anywhere in the world.

 

  • Letter of Credit Confirmation:

Due to potential risks, companies and clients need much more import facilities as the global market is affected by unstable economic conditions. Exporters, therefore, request confirmed letters of credit to ensure payment as soon as documents are delivered in accordance with the terms of the confirming bank. 
TIIB also confirms inward and outward L/C on behalf of local and international banks.

 

  • Letter of Credit Negotiations: 

International trade operations and shipment of goods from one country to another require processing of bills of lading to pay for their value. An importer or exporter then needs a reliable and real partner to manage this process, which requires technical expertise and skills and awareness of international laws and norms governing international trade operations.

 

  • Letter of Guarantee:

TIIB contributes to the implementation of infrastructure projects throughout the country as well as service projects initiated for the benefit of citizens. This contribution is reflected in issuing letters of guarantee for the benefit of beneficiaries at the request of clients or foreign correspondents banks for the implementation of international tenders or large-scale projects such as bridges, roads, power stations, communications, and construction and establishment of large factories.

TIIB can also provide letters of guarantee for students wishing to study abroad.
 

For More Information:

Please visit the nearest branch of Tadhamon Bank or call [ 8001010 ]

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At TIIB, we’re always looking for ways to help you manage your money better. With TIIB Online Banking you can keep track of your finances in a safe and secure environment, 24 hours a day, 7 days a week.

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