An issue on uniform customs and practice for documentary credits (UCP) no 600 for Islamic letter of credit

• Main Authors: Syed Alwi, Sharifah Faigah, Ibrahim, Uzaimah, Sawari, Fuad
• Format: Article
• Language: English
• Published: ELSEVIER 2013
• Subjects: HG Finance; HG1501 Banking; KBP Islamic Law
• Online Access: http://irep.iium.edu.my/40191/1/1-s2.0-S2212567113002268-main.pdf; http://irep.iium.edu.my/40191/; http://www.sciencedirect.com/science/article/pii/S2212567113002268

Islamic banks in Malaysia offer Letter of Credit (LC) Wakalah (agency) and LC Murabahah (cost-plus) as two of their main trade finance facilities. LC is the product of International Chamber of Commerce, the world business organization based in Paris and it is governed by the Uniform Customs and Prac...