Business and Trade Goods


Devon Bank can provide Murabaha financing for business equipment and trade goods. These can be conducted as single Murabaha transactions or we can provide you with a Murabaha Guidance Line in which we can aggregate smaller Murabaha transactions up to the guidance line limit.


Devon Bank is available to help with selected commercial financing projects. For our business customers, we offer commercial Murabaha and Ijara transactions for real estate acquisitions business and trade good financing, and stand-by and documentary letters of credit.


Letters of credit are also available in a Shariah compliant manner. A stand-by letter of credit may be arranged using one of several models where payment may not be required, or a documentary letter of credit can be provided where it is known that a draw will be required.


Please contact one of our commercial lending specialists:

Vincent Baratta, First Vice President
(773) 423-2549
vbaratta@devonbank.com                   

Vincent Sarelli, Vice President
(773) 423-2559
vsarelli@devonbank.com     

Michael Cibelli, Vice President
(773) 423-2556
mcibelli@devonbank.com    
   

Randall Soderman, Vice President
(773) 423-2563

rsoderman@devonbank.com    



 

 

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