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

   You may enjoy potentially better FX Rates for minimum amount of RM 20,000.00

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

Latest Update: 04 December 2023 | 9.15 am

Per Unit of Foreign Currency		Selling	Buying
		TT/OD	TT	OD
Australian Dollar	AUD	3.1980	3.0420	3.0260
Brunei Dollar	BND	3.5920	3.4310	3.4200
Canadian Dollar	CAD	3.5130	3.850	3.3680
Swiss Franc	CHF	5.4840	5.2430	5.2250
Euro	EUR	5.2340	4.9400	4.9180
Sterling Pound	GBP	6.0690	5.8140	5.8050
New Zealand Dollar	NZD	3.0410	2.8200	2.8050
Singapore Dollar	SGD	3.5920	3.4450	3.4440
United States Dollar	USD	4.7350	4.5860	4.5690

Per 100 Unit of Foreign Currency		Selling	Buying
		TT/OD	TT	OD
UAE Dirham	AED	130.4542	122.9900	120.7900
Bangladesh Taka	BDT	4.6300	3.9500	3.6500
Danish Kroner	DKK	71.2800	5.4300	64.6500
Hong Kong Dollar	HKD	61.4200	57.1300	56.5300
Indian Rupee	INR	5.8900	5.3000	5.3000
Indonesian Rupiah	IDR	0.0326	0.0271	0.0221
Japanese Yen	JPY	3.2530	3.1320	3.1190
Sri Lanka Rupee	LKR	1.6200	1.3500	1.2300
Mauritius Rupee	MUR	12.8900	8.2200	0.0000
Norwegian Kroner	NOK	45.6700	40.9000	40.3000
Pakistan Rupee	PKR	1.8700	1.6100	1.0100
Philippine Peso	PHP	8.8300	7.9900	7.5500
Qatari Riyal	QAR	131.6600	121.0300	120.1300
Saudi Arabian Riyal	SAR	127.7300	120.0900	117.0900
Swedish Kroner	SEK	46.7500	41.5900	41.3900
Thai Baht	THB	14.7900	11.6700	11.4300
South Africa Rand	ZAR	26.4400	23.7200	23.5200
Nepal Rupee	NPR	3.7900	3.4000	3.3100
Chinese Renminbi	CNY	68.0100	62.5500	0.0000

Disclaimer: Rates displayed are indicative for the day and subject to change without prior notice. For the latest Currency notes and Remittance rates, please refer to your nearest Bank Muamalat branch.

For more information, please contact +603 2600 5500