The Islamic Bank of Asia launches two Shari’ah compliant products
By: Staff Writer | icle |
Profit rate swap better manages funding cost volatility, foreign exchange forward purchase maximises economic opportunities from currency market movements
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The Islamic Bank of Asia has launched two products. One is a profit rate swap structure and the other is a foreign exchange (FX) forward purchase contract, designed to help customers manage their liability risks and maximise opportunities from currency market movements respectively.
http://www.cpifinancial.net/v2/News.aspx?v=1&aid=697&sec=Islamic Finance
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