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:

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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: Bai’ Al Sarf and 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

 

07 May 2021 | 9.15 am

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

Australian Dollar

AUD
3.2760
3.1410

3.1250

3.3730
3.1090
...

Brunei Dollar

BND
3.1650
3.0380
3.0270
3.1560
3.0190
...

Canadian Dollar

CAD
3.4510
3.3290
3.3120
0.0000
0.0000
...

Swiss Franc

CHF
4.6460
4.4460
4.4280
4.6830
4.4230
...

Euro

EUR
5.0380
4.8740
4.8520
5.1180
4.8440
...

Sterling Pound

GBP
5.8080
5.6360
5.6270
6.2780
5.6070
...

New Zealand Dollar

NZD
3.0500
2.9180
2.9030
0.0000
0.0000
...

Singapore Dollar

SGD
3.1400
3.0500
3.0490
3.1560
3.0190
...

United States Dollar

USD
4.2080
4.0350
4.0180
4.2160
4.0340
 
 
 
 
 
 
 
Per 100 Unit of Foreign Currency
Selling Buying Currency Notes
TT/OD TT OD Selling Buying
...

UAE Dirham

AED
115.5598
108.9500
106.7500
0.0000
0.0000
...

Bangladesh Taka

BDT
5.1400
4.5600
4.2600
0.0000
0.0000
...

Danish Kroner

DKK
70.1600
64.4700
63.8700
0.0000
0.0000
...

Hong Kong Dollar

HKD
54.4800
50.9300
50.3300
54.8550
51.0890
...

Indian Rupee

INR
5.8900
5.3000
5.3000
0.0000
0.0000
...

Indonesian Rupiah

IDR
0.0308
0.0260
0.0210
0.0320
0.0260
...

Japanese Yen

JPY
3.8670
3.7270
3.7140
4.0870
3.6820
...

Sri Lanka Rupee

LKR
2.2800
1.9800
1.8600
0.0000
0.0000
...

Mauritius Rupee

MUR
12.4900
7.8700
0.0000
0.0000
0.0000
...

Norwegian Kroner

NOK
51.9200
46.6000
46.0000
0.0000
0.0000
...

Pakistan Rupee

PKR
2.8600
2.7000
2.3000
0.0000
0.0000
...

Philippine Peso

PHP
8.8600
8.3200
8.0200
0.0000
0.0000
...

Qatari Riyal

QAR
115.7700
105.9900
105.0900
0.0000
0.0000
...

Saudi Arabian Riyal

SAR
113.0700
106.4800
103.4800
116.5940
105.3810
...

Swedish Kroner

SEK
50.9300

45.4500

45.2500
0.0000
0.0000
...

Thai Baht

THB
14.1400
12.1200
11.8400
15.1950
12.2560
...

South Africa Rand

ZAR
30.6700
27.5300
27.3300
0.0000
0.0000
...

Nepal Rupee

NPR
3.7800
3.4000
3.3100
0.0000
0.0000
...

Chinese Renminbi

CNY
66.3800
61.1300
0.0000
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 Treasuryand Capital Markets Department at14 03 2070 4404 / 4406 / 4410 / 4414

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