http://www.bankislam.com.my/en/pages/ForeignExchange.aspx?

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Foreign Exchange
Foreign Exchange Products Spot Islamic FX Forward Over-the-Counter Transactions 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 Competitive price All foreign currency transactions are subjected to Exchange Control Notice (ECM)

Over-the-Counter Transaction 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.

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14-Feb-14 11:53 AM