Shipping Guarantee is a facility where Bank Islam indemnifies and guarantees the shipping company for the release of goods to the buyer/importer without the presentation of the original Bill of Lading.

Issued under the Kafalah contract, it can be defined as a surety provided by a party to the owner of the goods, who had placed or deposited his goods with the shipping company, whereby any subsequent claim by the owner for his goods must be met by the guarantor.

BENEFITS