Latest from GIFC

Friday, 29 February 2008

Maybank Islamic launches two treasury products

KUALA LUMPUR: Maybank Islamic Bhd yesterday launched two treasury products – Foreign Currency Commodity Murabaha Deposit-i and Foreign Currency Commodity Murabaha Placement-i.

In a statement, the bank said the launch of the products was in line with its strategy to grow its business under its International Currency Business Unit (ICBU).

The first product is a syariah-compliant liquidity management product to facilitate investors to mobilise their surplus funds into the Islamic financial market while the latter is a management product that can be used to facilitate inter-bank transactions.

As a start, the products would be offered in four currencies: US dollar, euro, British pound and Australian dollar, it said.
The minimum deposit in foreign currencies offered is equivalent to RM1mil for a minimum tenure of 14 days.
---
Alfalah Consulting - KL: www.alfalahconsulting.com 
Islamic finance consultant: www.ahmad-sanusi-husain.com 
Islamic Investment Malaysia: www.islamic-invest-malaysia.com

No comments:

Upcoming Events on Islamic Finance, Wealth Management, Business, Management, Motivational Alfalah Consulting, KL-Malaysia: www.alfalahconsulting.com

ISLAMIC FINANCE EVENTS KUALA LUMPUR MALAYSIA

ISLAMIC FINANCE EVENTS KUALA LUMPUR MALAYSIA
Register Online . Register Today

Islamic Financial Planning & Wealth Management by Ahmad Sanusi Husain