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Foreign Exchange-i (FX-i)

FX-i is the conversion of one country's currency into that of another via buy/sell of the currency.

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Shariah Structure:

FX-i is being accepted under the ‘Uruf Al-Tijari (generally accepted business practice) concept under Shariah principle of Bai` al-Sarf (Currency Exchange).


Tenure: FX-i it is effective for value TOD (Today), TOM (Tomorrow) and SPOT (2-days) for the settlement.


Currency: Major currency pair