Islamic Foreign Exchange (FX-i)
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Key Features
FX-i Contract
FX Spot-i / FX Forward-i
Financing Purpose
A hedging solution for businesses to manage and mitigate risks from currency exchange rate fluctuations, thereby stabilising the financial exposure to foreign exchange payables and receivables. The purpose of FX transactions should be in compliance with BNM’s Foreign Exchange Policy (FEP) rules
Payment / Settlement
Within two business days
FX transaction for settlement of currency at a future date beyond 2 business days
Financing Tenure
Within two business days
Subject to BNM Foreign Exchange Policy (FEP)
Currency
USD, AUD, EUR, GBP, SGD & CNY
Shariah Concept
Bai’ Al Sarf
Bai’ Al Sarf and W’ad
Eligible Applicant
Applicable for corporate (resident) only and on a firm commitment basis*
| * | Resident corporates i.e. a body corporate incorporated, established, or registered in Malaysia. Firm commitment ensures that funds would be used for a specific purpose such as purchase of good or services, and not speculative activities. |
Business Enquiry
Frequently Asked Questions
Who is eligible for the Bank Pembangunan Fixed Deposit product?
All existing and new corporate customers are eligible, subject to a minimum placement of RM50,000.
What platforms are available for placing a fixed deposit with Bank Pembangunan?
For fixed deposit placements, please contact our Money Market and FX Sales team at 03-26151400 during business hours: Monday – Friday from 8:30pm – 5:30pm.
What hedging instruments are offered by Bank Pembangunan?
Bank Pembangunan offers 2 hedging instruments to eligible clients i.e. Foreign Exchange and Interest Rate Swap. These products are made available in Conventional and Islamic facilities.
How do I find out the FX pricing for an FX transaction?
FX pricing is determined through negotiation with our dealers. Please contact our Money Market and FX Sales team at 03-26151400 during the following business hours: Monday – Friday from 8:30am – 5:30pm.
Who should I contact for enquiries about Foreign Exchange or Interest Rate Swap credit lines?
For enquiries, please get in touch with:
Corporate Banking
Level 31, Menara Bank Pembangunan
Plaza Conlay, Jalan Conlay
50450 Kuala Lumpur
Email: enquiry@bpmb.com.my
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