Fifty two per cent of the facilities are funded under Morabaha/Tawarroq modes of financing, whereas 48 per cent limits are for multi bonds and documentary credits.
What does D/C stand for?
D/C stands for Documentary Credit
This definition appears frequently and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of D/C
We have 380 other meanings of D/C in our Acronym Attic
- Deck Cadet (maritime)
- Delivery Clause
- Direct Current (electricity; also seen as DC)
- Discharge (from a hospital, medical care, etc)
- Discipleship Confirmation (religion)
Samples in periodicals archive:
Officials report that many banks have chosen not to sell their supply of dollars in order to pay off their documentary credits and meet other important financial obligations.
eIN The Ethix Core solution for Islamic banking is a suite of technologies that help banks offer a wider array for revenue-generating products and services including automated branch management, Internet banking, treasury services, Islamic investments management and documentary credits among others.
The ETHIX Core solution for Islamic banking is a suite of technologies that helps banks offer a wider array for revenue-generating products and services, including automated branch management, Internet banking, treasury services, Islamic investments management and documentary credits, among others.
The banks also opened documentary credits for businessmen to save currency.
The remaining 47% will be in the form of multi bonds and documentary credit.
The offer also includes direct payment capability; full trade related services, eg documentary credits and collections; and foreign exchange transacting and hedging delivered via the bank's own internet banking platform.