Warning
- Additional fees may be levied by the correspondent bank/financial institution or entity providing financial services to the beneficiary of remittances
- Additional fees and charges may be applied if you fail to provide correct or complete information for remittances resulting in an error or omission
- Additional fees and charges may be applied if you fail to maintain the applicable minimum balance
- International remittance service may be affected by changes in foreign currency exchange rates
- The actual time to complete a transaction may differ from estimates due to Increased scrutiny of transactions by the correspondent bank/financial Institution or entity providing financial services to the beneficiary of remittances
- In line with the UAE's Value Added Tax (VAT) implementation from 1st January 2018, VAT at the rate of 5% will be levied on Fee and Charges specified herein, wherever applicable as per UAE law
- This product/service may be affected by changes in foreign currency exchange rates
If your business has customers, suppliers or partners in other countries, even minor fluctuations in exchange rates can affect your profits.
With our highly experienced, specialist team and dedicated relationship manager, we will work with you to evaluate your financial exposure, minimise your risks and protect your bottom line - both onshore and offshore.
Our innovative FX Solutions range from simple spot and forward foreign exchange transactions, to more complex products - enabling us to provide tailored FX services to meet the specific needs of your business.
Our FX Solutions include:
Spot FX | Buy and sell at competitive exchange rates, with access to over 28 currencies. |
FX Forward Contract |
Protect your foreign currency transactions from exchange rate fluctuations with FAB’s FX Forward Contract. Forward contracts enable you to set a fixed exchange rate for the purchase of currency at a future date, or over a range of dates, up to 10 years. |
FX Currency Options |
Hedge against exchange rate volatility with our FX Currency Option – then customise it to suit your needs. With an FX option, you fix the exchange rate between two currencies for an agreed period. You can then exercise the option on the agreed date, or let it expire if the prevailing market rate is more favorable. |
Structured FX Products | Earn a better return on your excess liquidity or collateral (subject to credit T&Cs) through structured deposits, with currencies as the base asset. |
Need an Islamic FX solution?
If you need an Islamic FX solution, you can be assured that our Islamic Treasury Solutions incorporate Shariah-compliant management in every part of the process, and our Shariah Supervisory Board reviews and approves all Islamic Treasury solutions before they are offered to clients.
Islamic Spot FX | Buy and sell currencies at competitive exchange rates in a Shariah-compliant manner, using Islamic Spot FX. In order to meet Shariah requirements, currencies must be delivered within two trading days of the transaction date. |
Islamic FX Forward | Hedge your foreign currency exposure risk against future fluctuations with Islamic FX Forward. Based on the concept of Wa'ad, you can manage your exposure by fixing the exchange rate for a future FX trade in advance. |
Why choose FAB for your business FX needs?
Can’t find what you are looking for?
Call Centre
United Arab Emirates | International | ||
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600 52 2235 | +971 2 499 6700 |
Email Us | |
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CMB-ClientServices@bankfab.com |