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

 

21 February 2020 | 9.00 am

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

Australian Dollar

AUD
2.8270
2.7220
2.7060 2.9150
2.6880
...

Brunei Dollar

BND
3.0630
2.9360
2.9250
3.0550
2.9240
...

Canadian Dollar

CAD
3.2120
3.1030
3.0905
0.0000
0.0000
...

Swiss Franc

CHF
4.3400
4.1880
4.1700
4.3910
4.1490
...

Euro

EUR
4.6070
4.4150
4.4030
4.6510
4.4050
...

Sterling Pound

GBP
5.4720
5.2970
5.2840
5.9160
5.2860
...

New Zealand Dollar

NZD
2.7090
2.5860
2.5710
0.0000
0.0000
...

Singapore Dollar

SGD
3.0420
2.9360
2.9250
3.0550
2.9240
...

United States Dollar

USD
4.2740
4.1250
4.1080
4.2860
4.1040
 
 
 
 
 
 
 
Per 100 Unit of Foreign Currency
Selling Buying Currency Notes
TT/OD TT OD Selling Buying
...

UAE Dirham

AED
118.5659
109.9000
106.9000
0.0000
0.0000
...

Bangladesh Taka

BDT
5.2000
4.5500
4.2500
0.0000
0.0000
...

Danish Kroner

DKK
63.1900
58.0900
57.4900
0.0000
0.0000
...

Hong Kong Dollar

HKD
55.5500
51.6600
51.0600
55.6560
51.8710
...

Indian Rupee

INR
6.1000
5.0800
4.2800
0.0000
0.0000
...

Indonesian Rupiah

IDR
0.0325
0.0282
0.0232
0.0340
0.0270
...

Japanese Yen

JPY
3.8230
3.6610
3.6480
4.0410
3.6420
...

Sri Lanka Rupee

LKR
2.4100
2.1900
2.0700
0.0000
0.0000
...

Mauritius Rupee

MUR
13.5300
8.7500
0.0000
0.0000
0.0000
...

Norwegian Kroner

NOK
47.0000
42.2200
41.6200
0.0000
0.0000
...

Pakistan Rupee

PKR
2.8300
2.6000
2.2000
0.0000
0.0000
...

Philippine Peso

PHP
8.5200
8.0100
7.7100
0.0000
0.0000
...

Qatari Riyal

QAR
118.0600
109.2400
108.3400
0.0000
0.0000
...

Saudi Arabian Riyal

SAR
115.1500
106.0700
105.6700
118.5010
107.1870
...

Swedish Kroner

SEK
44.6700
40.6400
40.4400
0.0000
0.0000
...

Thai Baht

THB
14.5300
12.2400
11.9600
15.3280
12.3760
...

South Africa Rand

ZAR
28.8800
26.3300
26.1300
0.0000
0.0000
...

Nepal Rupee

NPR
3.9000
3.5700
3.4800
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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