SS 14 - Документарный аккредитив

The purpose of this standard is to define documentary credits, their characteristics, Shari’ah rules and regulations so as to facilitate transactions in them by the Islamic financial Institutions (Institution/Institutions).

The word (Institution/Institutions) is used here to refer, in short, to Islamic financial institutions including Islamic Banks.

Scope of the Standard

This standard covers documentary credit extended by an Institution, either on the basis of client orders or for the use of the institution itself, including all types and forms of documentary credit, the various stages of their execution and the relationships created between the parties to the transaction. 2. 2. Definition, Types and Characteristics of Documentary Credit Definition, Types and Characteristics of Documentary Credit