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Bank Islam launches dual currency investment product

Posted on 05 June 2012

Bank Islam Malaysia Bhd (Bank Islam) launched its Islamic Dual Currency Investment-i (DCI-i), a deposit product that is expected to earn higher returns than regular foreign currency deposits.
Bank Islam’s DCI-i is a fixed deposit product linked to the performance of a pair of foreign currencies based on the concept of Wakalah-lil-Istithmar – an agency contract for investment – that meets both local and international syariah standards………………………………………..Full Article: Source

 
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Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


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