Foreign Exchange Products

Foreign Exchange Products


Products that meet your expectations..

We provide various foreign Exchange products to our clients with high quality and competitive prices to achieve all the aspirations.

Foreign Exchange Products

Bank AlBilad Treasury offers Foreign Exchange spot product (which is currency conversation from one currency to other) in G7 and exotic currencies through different channels.  

Features 

  • The product is in line with the guidelines set by the bank’s Shariah committee.
  • We offer competitive exchange rates to ensure that our clients get the best value for their money.
  • Our bank offers a wide range of currencies, which give clients the flexibility to exchange various currencies.
  • The product ensures swift execution allowing client to receive the desired currency faster.


FX Forward  (Wa’ad based)

Currencies are sold or bought on a future date under the promise principle, where the buyer and the seller agree on the amount, rate and currency exchange date of the transaction. The tenors are up to two years, and it aims to protect customer against exchange rate fluctuations for foreign currencies.


Features

  • The product is in line with the guidelines set by the bank’s Shariah committee.
  • We offer competitive prices.
  • We have wide range of currencies available for this product.


Flexi Forward (Wa’ad based)

Currencies are sold or bought within a pre-agreed period at an agreed price, where the client can buy or sell the currency at any time during the agreed period, and its aim is to protect customer against exchange rate fluctuations .

Features

  • The product is in line with the guidelines set by the bank’s Shariah committee.
  • We offer competitive prices.
  •  We have wide range of currencies available for this product.

​Banknote

Bank Al Bilad provides physical foreign currencies according to the client’s request.

Features

  • The product is in line with the guidelines set by the bank’s Shariah committee.
  • We offer competitive prices.
  •  We have wide range of currencies available for this product.
  • Quick and easy process

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