Foreign Exchange

 

Overview

Bank Muamalat’s Treasury & Capital Markets department offers Shariah-compliant foreign exchange services at competitive rates for major currencies against the Ringgit or other foreign currencies, such as:

...

US Dollar

...

Japanase Yen

...

Singapore Dollar

...

Swiss Franc

...

Euro

...

Pound Sterling

...

Australian Dollar

We also offer Shariah-compliant foreign exchange services for exotic currencies such as:

...

UAE Dirham

...

Sri Lanka rupee

...

South African rand, etc

...

Bangladeshi Taka

...

Pakistani Rupee

Islamic Foreign Exchange

Services that are currently offered are as follows:

  • Counter Rates;
  • Value today – Delivery on the same day
  • Value tom – Delivery on the next working day
  • Value spot – Delivery in two business days
  • Forwards – Delivery between spot and one year (or more)
  • Advisory services on foreign exchange matters.

Forward Foreign Exchange

Features

  • Shariah approved;
  • Concept: Wa’d Mulzim
  • Value tom
  • Unilateral (client promise to enter into the transaction aware of their obligations);
  • Pricing to be negotiated with dealers;
  • Bank has the right to claim for Mark-to-Market (MTM) losses on extension or cancellation of forwards.

Advisory

Our experienced foreign exchange Corporate Sales team will gladly assist clients in managing their foreign exchange exposures and requirements.

Forex Rates

 

05 June 2020 | 9.15 am

Per Unit of Foreign Currency
Selling Buying Currency Notes
TT/OD TT OD Selling Buying
...

Australian Dollar

AUD
3.0220
2.9050
2.8890 3.1160
2.8690
...

Brunei Dollar

BND
3.1300
2.9960
2.9850
3.1210
2.9830
...

Canadian Dollar

CAD
3.2150
3.1010
3.0885
0.0000
0.0000
...

Swiss Franc

CHF
4.5570
4.3920
4.3740
4.6110
4.3510
...

Euro

EUR
4.9380
4.7230
4.7080
4.9850
4.7130
...

Sterling Pound

GBP
5.5140
5.2770
5.2640
5.9020
5.2660
...

New Zealand Dollar

NZD
2.8180
2.6870
2.6720
0.0000
0.0000
...

Singapore Dollar

SGD
3.1090
2.9960
2.9850
3.1210
2.9830
...

United States Dollar

USD
4.3800
4.1800
4.1630
4.3720
4.1790
 
 
 
 
 
 
 
Per 100 Unit of Foreign Currency
Selling Buying Currency Notes
TT/OD TT OD Selling Buying
...

UAE Dirham

AED
120.7557
111.9300
108.9300
0.0000
0.0000
...

Bangladesh Taka

BDT
5.2900
4.6400
4.3400
0.0000
0.0000
...

Danish Kroner

DKK
67.8400
62.2500
61.6500
0.0000
0.0000
...

Hong Kong Dollar

HKD
56.9000
52.8300
52.2300
57.0150
53.0490
...

Indian Rupee

INR
5.9000
4.9100
4.1100
0.0000
0.0000
...

Indonesian Rupiah

IDR
0.0323
0.0279
0.0229
0.0330
0.0270
...

Japanese Yen

JPY
4.0060
3.8300
3.8170
4.2340
3.8100
...

Sri Lanka Rupee

LKR
2.4100
2.1800
2.0600
0.0000
0.0000
...

Mauritius Rupee

MUR
13.3300
8.1200
0.0000
0.0000
0.0000
...

Norwegian Kroner

NOK
47.8100
42.8400
42.2400
0.0000
0.0000
...

Pakistan Rupee

PKR
2.7100
2.4700
2.0700
0.0000
0.0000
...

Philippine Peso

PHP
8.8100
8.2700
7.9700
0.0000
0.0000
...

Qatari Riyal

QAR
119.5100
110.2600
109.3600
0.0000
0.0000
...

Saudi Arabian Riyal

SAR
117.3700
107.8900
107.4900
120.7890
109.0240
...

Swedish Kroner

SEK
48.6000
44.1200
43.9200
0.0000
0.0000
...

Thai Baht

THB
14.7800
12.4200
12.1400
15.5920
12.5580
...

South Africa Rand

ZAR
26.3200
23.9400
23.7400
0.0000
0.0000
...

Nepal Rupee

NPR
3.7800
3.4400
3.3500
0.0000
0.0000
 
 
 
 
 
 
 
 

The rates quoted herein are indicative only, and subject to change without notice at our sole discretion.

For more information, please contact our Treasury and Capital Markets Department at14 03 2070 4404 / 4406 / 4410 / 4414

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