Foreign Exchange Forward-i

  • Securing exchange rate for the future

Service

  • This product is based on the Shariah contract of Wa’d or unilateral promise on deal date.
  • A customer who wishes to enter into the contract will execute a promise (undertaking) to buy a foreign currency at a future date (value date). On the promised date (i.e. the value date), the purchase will take place where the Sarf contract is applied.

Benefits

  • Enjoy competitive rates for a wide range of foreign currencies and the ability to hedge your foreign exchange exposures
  • Secure/book Foreign Exchange (FX) rates in advance from a suite of more than 20 currencies (Malaysian Ringgit and other Currencies)
  • Corporates with less exposures can enjoy hedging benefits with a smaller contract size

Eligibility

To apply, all corporations have to set up an FX Line with us. The FX line states the maximum amount and tenure that you may contract at any one time. 

If your business currently has credit facilities (e.g. Letter of Credit, Trust Receipts or Overdraft line) with us, you can arrange with us to restructure the credit line to accommodate the additional FX facility.

Apply Now

Request for Callback

 

Call our Global markets Sales Dealers at +603-26910376 during office hours.