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

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Australian Dollar

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

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UAE Dirham

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Sri Lanka rupee

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South African rand, etc

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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

 

29 July 2021 | 9.00 am

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

Australian Dollar

AUD
3.1780
3.0500

3.0340

3.2720
3.0190
...

Brunei Dollar

BND
3.1880
3.0640
3.0530
3.1790
3.0450
...

Canadian Dollar

CAD
3.4330
3.3150
3.2980
0.0000
0.0000
...

Swiss Franc

CHF
4.7500
4.5500
4.5320
4.7870
4.5270
...

Euro

EUR
5.0760
4.9090
4.8870
5.1490
4.8790
...

Sterling Pound

GBP
5.9550
5.7850
5.7760
6.4370
5.7550
...

New Zealand Dollar

NZD
3.0040
2.8780
2.8630
0.0000
0.0000
...

Singapore Dollar

SGD
3.1630
3.0770
3.0760
3.1790
3.0450
...

United States Dollar

USD
4.3140
4.1410
4.1240
4.3230
4.1410
 
 
 
 
 
 
 
Per 100 Unit of Foreign Currency
Selling Buying Currency Notes
TT/OD TT OD Selling Buying
...

UAE Dirham

AED
118.6193
111.8300
109.6300
0.0000
0.0000
...

Bangladesh Taka

BDT
5.2700
4.6700
4.3700
0.0000
0.0000
...

Danish Kroner

DKK
70.5700
64.9200
64.3200
0.0000
0.0000
...

Hong Kong Dollar

HKD
55.7900
52.2100
51.6100
56.1710
52.3740
...

Indian Rupee

INR
5.9900
5.4000
5.4000
0.0000
0.0000
...

Indonesian Rupiah

IDR
0.0314
0.0263
0.0213
0.0320
0.0260
...

Japanese Yen

JPY
3.9350
3.7970
3.7840
4.1590
3.7510
...

Sri Lanka Rupee

LKR
2.3100
2.0100
1.8900
0.0000
0.0000
...

Mauritius Rupee

MUR
12.1600
7.7800
0.0000
0.0000
0.0000
...

Norwegian Kroner

NOK
50.2000
45.1000
44.5000
0.0000
0.0000
...

Pakistan Rupee

PKR
2.7600
2.6000
2.2000
0.0000
0.0000
...

Philippine Peso

PHP
8.6500
8.1300
7.8300
0.0000
0.0000
...

Qatari Riyal

QAR
118.4200
108.7300
107.8300
0.0000
0.0000
...

Saudi Arabian Riyal

SAR
115.9300
109.2900
106.2900
119.5380
108.1650
...

Swedish Kroner

SEK
51.1800

45.7000

45.5000
0.0000
0.0000
...

Thai Baht

THB
13.7800
11.8400
11.5600
14.8160
11.9670
...

South Africa Rand

ZAR
30.2800
27.2100
27.0100
0.0000
0.0000
...

Nepal Rupee

NPR
3.8500
3.4600
3.3700
0.0000
0.0000
...

Chinese Renminbi

CNY
67.7700
62.5000
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 Treasury and Capital Markets Department at  03 2070 4404 / 4406 / 4410 / 4414

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