Islamic Structured Solution
Helping you realize your dream
Islamic Profit Rate Swap (IPRS)
- Bilateral agreement between parties to make regular payments to each other at an agreed interval within the same currency
- Essentially to exchange cash flow of fixed to floating (or vice versa)
- Fixed rate is locked and remains until the end of tenure and the floating rate is referenced on an Index and is determined at every settlement date
- Only the net off amount is exchanged at settlement date
- Exchanges will be done through a CM transaction. No exchanges of Notional Amount
Islamic Cross Currency Swap (ICCS)
- Bilateral agreement between parties to make regular payments to each other at an agreed interval within the different currency
- Essentially to cover profit rate and FX rate
- Fixed rate is locked and remains until the end of tenure. Floating rate is referenced on an Index and is determined at every settlement date
- Exchanges will be done through a CM transaction
