Question
38
MBAZOTSIATSTIA
A written undertaking given by the Islamic bank to the seller at the request and
on the instructions of the buyer, to pay at sight or specitied tuture date within a
prescribed time limit and against stipulated documents is known as
A. Islamic Trust Receipt.
B. Islamic Letter of Credit.
C. Islamic Accepted Bills.
D. Islamic Bank Guarantee.
Answer
B. Islamic Letter of Credit.