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Islamic Foreign Exchange Spot
FX transaction under Bai' al-Sarf, arrangement for settlement of foreign currency on the same day.
Islamic Foreign Exchange Forward
FX transaction under Bai' al-Sarf and Wa'ad , exchanging a specified amount of different currencies at some future date, with the exchange rate being set at the time the contract is entered into.
Islamic Foreign Exchange Swap
FX transaction under Bai' al-Sarf and Wa'ad , arrangement for settlement of one currency for another with two different value dates.
Islamic Profit Rate Swap
An agreement that allows you to swap your profit rate obligation of the same currency from fixed to floating and vice-versa.
Cross Currency Profit Rate Swap
Similar to a Profit Rate Swap, except that this involves the exchange of principal and profit in one currency for the principal and profit in another currency.
Islamic Fixed Deposits
Our Islamic Fixed Deposits come with attractive rates for SGD and USD currencies. We are able to quote a wide range of tenures to cater to your liquidity or investment requirements (up to 5 years for selected currencies).
Short-Term Money Market Deposits (STMMD)
The account-opening process is more streamlined compared to Fixed Deposits. Similar to SGD Fixed Deposits, STMMD is covered under the Deposit Insurance Scheme.
Our Structured Deposits combine different features of savings and investments. You get your returns from a mix of assets such as interest rates, equities, currencies and commodities. One example of a Structured Deposit we offer is Callable Range Accrual, which can earn potentially higher interest, with a 100% principal guarantee if you hold it until it matures.