Letters of Guarantee

A formal commitment ensuring financial security and fulfillment of obligations.

Letters of Guarantee Designed to Secure Your Financial Obligations

Our bank provides letters of guarantee services to our valued customers through a commitment issued by the bank at the request of the applicant (the client) to guarantee them unconditionally against cash deposits and guarantees provided to the bank in accordance with the regulations and instructions of the Central Bank of Iraq, and issued to the beneficiary of the letter.

Financial Security: The letter of guarantee ensures the fulfillment of the client's financial obligations, providing peace of mind to all parties involved.
Regulatory Compliance: By adhering to the instructions of the Central Bank of Iraq, our letter of guarantee service ensures legal and regulatory compliance, making transactions smoother and more reliable.

*You can request this service from any Elaf Islamic Bank branch across all provinces.