Deutsche Bank launches sharia-compliant FX option

New angles

pg12-alshubaily-gif

Deutsche Bank has structured what it claims to be the first sharia-compliant forex option, for Bahrain-based Gulf Finance House (GFH). The €30 million deal will enable GFH’s clients to hedge their investments against dollar/euro volatility.

The forex option is based on a promissory currency sale undertaking that GFH has entered into with the German bank. Under this mechanism, Deutsche promises to buy the euro in the future at a pre-determined price.

“If the euro falls, this will benefit our

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: