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Trade Finance
Bank AlJazira is aiming to provide Islamic banking services to its customers, which include Trade Services and Trade Finance Products through specialized departments in this field. In addition to the trade operation division, recently a specialized department was established to develop trade products, and provide technical support on this part to the bank's clients, either directly or indirectly through Business Units with. Customers can identify the quality of service provided by the bank through the attentiveness they receive and speediness in providing those services at a competitive pricing.
ISO Certificate for Trade Finance
The Trade Finance team and our Back Office are ISO certified giving priority to Customer´ satisfaction in a Sharia’ah compliant mode of financing.
Products & Services
1. Aljazira Online Trade
Web-enabled banking facility that offers a multitude of trade finance services to corporate and institutional clients. It allows you to perform international (and domestic) trade finance transactions, from your office or anywhere in the world, in a fast, secure and efficient manner.
  • The ability to process the trade finance services requests through Aljazira Online Trade.
  • Initiate the trade finance service request in short time compared to the traditional process.
  • Admin feature with full authorities such as users creation, users access privilege setting are available on Aljazira Online Trade at customer level.
  • Admin user has power to manage client trade activities on Aljazira Online Trade such as create unlimited number of sub users (processors, Authorizers) in order to manage client trade activities.
  • Admin can set users access privilege in align with his vision and organization structure.
  • Mange trade finance requests with full safe and secure environment.
  • Authorizer user approval required during release the request to Bank in order to apply security controls on the client side.
  • Facility to check about trade request status through Aljazira Online Trade.
  • Send notification alerts by SMS or Email as per client's requirement.
  • Facility to save the trade request without releasing to the bank in order to give the client chance to add, updates, and delete any trade request in any time.
  • Facility to review the historical records of proceeds, initiated, rejected, cancelled trade request through Aljazira Online Trade.
  • Reduce trade request required processing time.
  • Reduce risks that might come by mistakes.
  • Possibility to review on Aljazira Online Trade the trade requests information that submitted to the Bank by traditional way.
  • Minimize the paper work.
  • Possibility to initiate trade finance requests during a day, weekend’s holiday, official Bank holidays and the Bank will process it during the first business day after that holiday.
  • Possibility to have a trade request feedback (Result) within two hours if the request submitted to the Bank before 3 P.M during official business days.
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2. Export Letter of Credits
  • Able to notify and advise you in 2 hours.
  • Confirmation upon request, conditions dependent on the opening Bank and Country risks through our large Correspondent network. Competitive pricing.
  • Payments, Negotiations or Acceptances of conform documents treated in the shortest timing, opening doors to financing.
  • Post-shipment financing of deferred letters of credit with competitive conditions.
3. Import Letter of Credits
  • Your International and domestic L/Cs opened the day of your remittance (before 3p.m) after receiving the required documents.
  • Your documents received and treated the same day, financing available at settlement or negotiating time.
4. Letters of Guarantees
  • All kind of issuance or re-issuance (Bid bonds, Performance bonds, Advance Payment bonds, Retention bonds ……), including Shipping Guarantees and Standby Letter of Credit.
  • Effective treatment, dependent on the delivery timing, can be issued in 2 hours.
5. Bills for Collection
Present your export collection to the bank and receive notification of your import collections.
6. Import Financing
Post-Shipment financed under Islamic products and compliance (Murabaha).
7. Export Financing
Pre and post-shipment finance under all Shariah mode of financing (Murabaha,Tawaruq, Musharaka, etc.) products available dependent on the structure of the deal.
8. Export Credit Insurance
Having developed close contacts with ECA (Export Credit Agencies like SFD, Dhaman in Kuwait, ICIEC,IFC, etc.), our transactions are financed without recourse to the exporters.
Contact Info
For more information about trade finance products which BAJ is offering to its clients and for technical assistance of our team on specific matters (wording, etc.) you can contact the following:
Head of Trade Finance - Mr.Dany Barthe
Phone Fax Email
+966 2 6098443 +966 2 6098445 dbarthe@baj.com.sa
Trade Finance Regional Representatives:
Phone Fax Email
Western Region:
Mr. Abdulrahman Hourani
+966 2 6098442 +966 2 6098445 ahourani@baj.com.sa
Central Region
Mr. AlamEldin Ibrahim Hussain
+966 1 2157360 +966 1 2157318 ahussain@baj.com.sa
Eastern Province
Mr. Hussain Alghanim
+966 3 8874406
Ext 774
+966 3 8823178 halghanim@baj.com.sa
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Aljazira Online Trade