Foreign Exchange Spot-i

    • Transact in foreign currency with ease

       

    Service

    • This product is based on the Shariah contract of Bai al-Sarf, which is basically translated as an exchange of money for money.
    • The Bai al-Sarf principle has strict requirements for transactions involving two different currencies (dissimilar ribawi items), requiring settlement on a spot basis (i.e. within T+2 working days).

    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

    Requirements

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    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.

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    Request for Callback

     

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