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

 

02 March 2021 | 9.15 am

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

Australian Dollar

AUD
3.2140
3.0840
3.0680 3.3090
3.0520
...

Brunei Dollar

BND
3.1230
2.9990
2.9880
3.1140
2.9810
...

Canadian Dollar

CAD
3.2610
3.1480
3.1310
0.0000
0.0000
...

Swiss Franc

CHF
4.5280
4.3360
4.3180
4.5640
4.3140
...

Euro

EUR
4.9430
4.7850
4.7630
5.0210
4.7550
...

Sterling Pound

GBP
5.7190
5.5530
5.5440
6.1820
4.3140
...

New Zealand Dollar

NZD
3.0130
2.8860
2.8710
0.0000
0.0000
...

Singapore Dollar

SGD
3.0980
3.0120
3.0110
3.1140
2.9810
...

United States Dollar

USD
4.1350
3.9670
3.9500
4.1430
3.9670
 
 
 
 
 
 
 
Per 100 Unit of Foreign Currency
Selling Buying Currency Notes
TT/OD TT OD Selling Buying
...

UAE Dirham

AED
113.6230
107.1200
104.9200
0.0000
0.0000
...

Bangladesh Taka

BDT
5.0800
4.4800
4.1800
0.0000
0.0000
...

Danish Kroner

DKK
68.8300
63.2900
62.6900
0.0000
0.0000
...

Hong Kong Dollar

HKD
53.6200
50.1600
49.5600
53.9890
50.3130
...

Indian Rupee

INR
5.8000
5.2300
5.2300
0.0000
0.0000
...

Indonesian Rupiah

IDR
0.0304
0.0256
0.0206
0.0310
0.0250
...

Japanese Yen

JPY
3.8780
3.7400
3.7270
4.0980
3.6940
...

Sri Lanka Rupee

LKR
2.2700
1.9700
1.8500
0.0000
0.0000
...

Mauritius Rupee

MUR
12.4700
7.9000
0.0000
0.0000
0.0000
...

Norwegian Kroner

NOK
49.5100
44.4500
43.8500
0.0000
0.0000
...

Pakistan Rupee

PKR
2.7100
2.5600
2.1600
0.0000
0.0000
...

Philippine Peso

PHP
8.5900
8.0800
7.7800
0.0000
0.0000
...

Qatari Riyal

QAR
113.6900
104.2900
103.3900
0.0000
0.0000
...

Saudi Arabian Riyal

SAR
111.0900
104.6700
101.6700
114.5520
103.5950
...

Swedish Kroner

SEK
50.0600

44.6900

44.4900
0.0000
0.0000
...

Thai Baht

THB
14.3500
12.3100
12.0300
15.4210
12.4450
...

South Africa Rand

ZAR
28.5600
25.6000
25.4000
0.0000
0.0000
...

Nepal Rupee

NPR
3.7300
3.3500
3.2600
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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