Foreign Exchange Products
Islamic FX Forward
Remittance in more than 100 currencies including Egypt, Jordan, Taiwan, Korea etc
First local Islamic bank to remit in Chinese Renminbi
Features of Islamic FX Forward
Approved by Shariah Advisory Council (SAC) of Bank Negara Malaysia
Promise on trade date followed by Aqad on value date
Unilateral (client promise to enter into the contract)
Pricing is the same as conventional FX Forward
Bank has the right to claim for losses in case of Mark-To-Mark (MTM) losses on termination date
All foreign currency transactions are subjected to Foreign Exchange Administration (FEA) rules
Over-the-counter (OTC) telegraphic transfers, demand drafts and currency notes through our extensive branches.
For further details, kindly contact our Treasury Sales Team at 03-2090 1700.
Note : Information contained herein is accurate as of the time of publishing and subject to change in accordance with applicable rules, regulations or guidelines issued by Bank Negara Malaysia from time to time.