For risk free and convenient foreign currency management, this account allows all companies and institutions in Malaysia to carry out transactions in the currency of their choice. Based on the Shariah principle of Qardh (interest-free loan), deposits will be guaranteed payment and will not be exposed to fluctuations of exchange rates.
- Payment Note Facility (similar to cheque book facility)
- Over the counter transactions
- Manage Exchange Rate Risks
- Standing Instruction for payment of bills and other periodicals
- Non-personal accounts include companies, multinationals and corporations (offshore & foreign off-shore companies)
- Residents, PRs and non-residents
- Embassies, Consulates and other Diplomatic bodies
- Minimum amount to open this account: USD 5,000 or its equivalent in the respective foreign currency
- Partnership
- Private Company
- Government
- Association & Societies
- Company profile
- Board Resolution
- Certified true copy of M&A, Form 24 & 49
- IC copy of Directors & Authorised Signatories
- Other relevant documents
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