Corporate banking
The Corporate Banking Department aims to provide a range of banking services and products that are compatible with the provisions and principles of Islamic Sharia, so it can be a successful and effective alternative to those offered by traditional banks. With these services and products, Nuran Bank targets the different segments of companies, in order to meet all the needs of these companies .
Corporate banking services and products
Big corporate services.
Small and medium Corporates services .
Businessmen services.
Electronic services.
Financing and investment solutions.
A network of branches, agencies and service offices distributed over different regions.
Utilization of liquidity surpluses in multiple investment pools.
Entering into and managing pooled financing partnerships with associated banks, if possible.
Developing new services according to themarket needs.
First: International Trade Services
In order to achieve success between the bank and its customers, our bank offers a number of products that are compatible with the provisions of Islamic regulations and legislation of the Central Bank of Libya, including:
Documentary credits by proxy
هوIt is the bank’s undertaking to pay to beneficiary bank , But the provideddocuments mustcomply with the instructions; It includes a definitive undertaking on the issuing bank that the credit cannot be reversed, under which the bank pledges to pay at specific amount to the beneficiary, provided that the documents are submitted in conformity with the terms and conditions of the credit to the named bank, or the bank issuing the credit, within a specified period of time, I. e. the credit validity period. The bank issues the credit against commissions, set by the bank, according to the Central Bank criteria to that effect.
Documents for collection
Documents for collection is a service provided by the bank to its ccostumers , to pay the prices of the imported goods and services through the delivery of the documents sent by the bank’s customer (the importer) from the exporting bank, while complying with the payment instructions specified by them; This is in return for a commission set by the bank without any undertaking or guarantee by the bank to pay the prices of goods or services.
Letter of Guarantee
A service provided by the bank to its customers, which includes a definitive written undertaking issued by the bank at the request of the customer (the applicant) in favor of a specific entity (the beneficiary) the bank hereby undertakes to pay the amount not exceeding the value of the letter of guarantee within a specified period, and that this payment is not dependent on a condition unless the guarantee stipulates in its body. the availability of a condition under which the payment is suspended. The letter of guarantee is issued to achieve a specific purpose. The bank issues a letter of guarantee in return for an agreed-upon commission (this service, as described, it is not a Murabaha but a letter of guarantee).
Partially covered credits (participatory credits)
They are LC’s in which the bank participates with the customer in the price of the goods before opening the credit. The LC is opened in the name of either of the two parties to the partnership, and the bank may, after the arrival and receipt of the goods, , sell s share to its partner or to a third party for Murabaha, sooner or later .
External remittances
By submitting an invoice showing the purpose of the transfer, the transfer value, and the beneficiary’s details then bank transfers the discount value from the customer’s account in foreign currencies .
Local credits
It is the bank’ undertaking to pay the beneficiary bank locally after the beneficiary accepts the terms of credit sent by the credit applicant .
Back to Back Credits
It is a transferable credit. The beneficiary has the right to request from the bank authorizing the payment. to place this credit in whole or in part, at the disposal of another beneficiary..