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

 

23 October 2020 | 9.15 am

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

Australian Dollar

AUD
3.0120
2.8920
2.8760 3.1010
2.8620
...

Brunei Dollar

BND
3.0980
3.0040
2.9930
3.1170
2.9850
...

Canadian Dollar

CAD
3.2080
3.0980
3.0810
0.0000
0.0000
...

Swiss Franc

CHF
4.6660
4.4700
4.4520
4.7030
4.4470
...

Euro

EUR
4.9520
4.7970
4.7750
5.0310
4.7670
...

Sterling Pound

GBP
5.4900
5.3340
5.3250
5.9350
5.3070
...

New Zealand Dollar

NZD
2.8260
2.7080
2.6930
0.0000
0.0000
...

Singapore Dollar

SGD
3.1010
3.0160
3.0150
3.1170
2.9850
...

United States Dollar

USD
4.2100
4.0790
4.0620
4.2400
4.0620
 
 
 
 
 
 
 
Per 100 Unit of Foreign Currency
Selling Buying Currency Notes
TT/OD TT OD Selling Buying
...

UAE Dirham

AED
116.3457
109.6900
107.4900
0.0000
0.0000
...

Bangladesh Taka

BDT
5.1600
4.5900
4.2900
0.0000
0.0000
...

Danish Kroner

DKK
68.9200
63.4100
62.8100
0.0000
0.0000
...

Hong Kong Dollar

HKD
54.9100
51.4000
50.8000
55.2890
51.5570
...

Indian Rupee

INR
5.9400
5.3500
5.3500
0.0000
0.0000
...

Indonesian Rupiah

IDR
0.0303
0.0255
0.0205
0.0310
0.0250
...

Japanese Yen

JPY
4.0440
3.9030
3.8900
4.2740
3.8550
...

Sri Lanka Rupee

LKR
2.4400
2.1300
2.0100
0.0000
0.0000
...

Mauritius Rupee

MUR
12.7000
8.0500
0.0000
0.0000
0.0000
...

Norwegian Kroner

NOK
46.8100
42.0600
41.4600
0.0000
0.0000
...

Pakistan Rupee

PKR
2.7200
2.5500
2.1500
0.0000
0.0000
...

Philippine Peso

PHP
8.7900
8.2700
7.9700
0.0000
0.0000
...

Qatari Riyal

QAR
116.2100
106.4800
105.5800
0.0000
0.0000
...

Saudi Arabian Riyal

SAR
113.7000
107.2000
104.2000
117.2410
106.0920
...

Swedish Kroner

SEK
49.1600

43.9100

43.7100
0.0000
0.0000
...

Thai Baht

THB
14.2000
12.1900
11.9100
15.2680
12.3230
...

South Africa Rand

ZAR
26.9900
24.2300
24.0300
0.0000
0.0000
...

Nepal Rupee

NPR
3.8200
3.4300
3.3400
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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