Having foreign currencies in hand hoping to get a better yield? With our Shariah-compliant short term Foreign Currency Mudharabah-i (FCM-i), you can now place them in a profit sharing investment product.
FCM-i also allows for easy transfer of funds overseas safely with our wide network of branches as well as correspondent banks worldwide. What's more, the profit-sharing principle of Mudharabah gives you the potential to earn better returns on your investment.
* Dividend will be calculated daily and paid on maturity
Based on Mudharabah (profit-sharing) contract where customers act as provider of fund and the Bank acts as entrepreneur. The Bank will invest the fund in Shariah-compliant investment avenues. The profit from the investment will be shared between the Bank and customers based on the pre-agreed profit sharing ratio.
The product is offered to resident and non-resident, individual and non-individual
(Business Banking Customers)
Non-Interbank FCM-i (Individual)
|USD||1 to 12 months||USD5,000|
|Others||1 to 12 months||USD5,000 equivalent|
Non-Interbank FCM-i (Non-individual)
|USD||Min. 1 day||USD20,000|
|EUR, AUD, GBP||Min. 7 days||USD20,000 equivalent|
|NZD, HKD, CAD, SGD, CHF, JPY||Min. 1 month||USD20,000 equivalent|
For further information visit our branch or call 1-300-88-6688
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