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: 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

 

21 October 2021 | 9.00 am

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

Australian Dollar

AUD
3.1890
3.0620

3.0460

3.2840
3.0300
...

Brunei Dollar

BND
3.1670
3.0440
3.0330
3.1580
3.0250
...

Canadian Dollar

CAD
3.4310
3.3140
3.2970
0.0000
0.0000
...

Swiss Franc

CHF
4.6230
4.4290
4.4110
4.6600
4.4060
...

Euro

EUR
4.9100
4.7480
4.7260
4.9800
4.7180
...

Sterling Pound

GBP
5.8200
5.6500
5.6450
6.2920
5.6250
...

New Zealand Dollar

NZD
3.0590
2.9310
2.9160
0.0000
0.0000
...

Singapore Dollar

SGD
3.1420
3.0560
3.0550
3.1580
3.0250
...

United States Dollar

USD
4.2400
4.0780
4.0610
4.2480
4.0690
 
 
 
 
 
 
 
Per 100 Unit of Foreign Currency
Selling Buying Currency Notes
TT/OD TT OD Selling Buying
...

UAE Dirham

AED
116.5734
109.9000
107.7000
0.0000
0.0000
...

Bangladesh Taka

BDT
5.1400
4.5400
4.2400
0.0000
0.0000
...

Danish Kroner

DKK
68.2300
62.7700
62.1700
0.0000
0.0000
...

Hong Kong Dollar

HKD
54.8500
51.3300
50.7300
55.2270
51.4930
...

Indian Rupee

INR
5.8500
5.2700
5.2700
0.0000
0.0000
...

Indonesian Rupiah

IDR
0.0317
0.0267
0.0217
0.0320
0.0260
...

Japanese Yen

JPY
3.7160
3.5860
3.5730
3.9280
3.5420
...

Sri Lanka Rupee

LKR
2.2600
1.9600
1.8400
0.0000
0.0000
...

Mauritius Rupee

MUR
11.9100
7.5500
0.0000
0.0000
0.0000
...

Norwegian Kroner

NOK
52.3000
46.9800
46.3800
0.0000
0.0000
...

Pakistan Rupee

PKR
2.5300
2.3900
1.9900
0.0000
0.0000
...

Philippine Peso

PHP
8.4300
7.9300
7.6300
0.0000
0.0000
...

Qatari Riyal

QAR
116.9400
107.6100
106.7100
0.0000
0.0000
...

Saudi Arabian Riyal

SAR
113.9200
107.4000
104.4000
117.4690
106.2910
...

Swedish Kroner

SEK
50.3500

44.9800

44.7800
0.0000
0.0000
...

Thai Baht

THB
13.3400
11.4500
11.1700
14.3380
11.5720
...

South Africa Rand

ZAR
30.4700
27.3700
27.1700
0.0000
0.0000
...

Nepal Rupee

NPR
3.7500
3.3700
3.2800
0.0000
0.0000
...

Chinese Renminbi

CNY
67.6200
62.3600
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 Tre9ury and Capital Markets Department at  03 2070 4404 / 4406 / 4410 / 4414

Locate Our Branches

Find a Bank Muamalat branch
nearby you

Locate Our Branch