Letter of Guarantees

In your foreign business transactions, choose Albaraka Turk as the guarantor bank; let the requests of beneficiary stated in the contract be fulfilled and grow your business.

Features

• Letter of Guarantee is the irrevocable undertaking of the Bank issued at the request of the Applicant in favor of the Beneficiary, guaranteeing a certain amount of payment to the Beneficiary in case of Applicant’s failure to honor its obligations in accordance with the terms and conditions of the agreement/contract.
• You can apply to Albaraka Turk to be guarantor for collateral requests of banks and legal persons abroad.