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Islamic banks in Malaysia must implement the Maqasid Syariah principle

SEPANG, Nov 19  -- The institution of Islamic banks in Malaysia must fulfill the principle of Maqasid Syariah in their operations to develop a vibrant banking system and save the economy, said Port Dickson Member of Parliament, Datuk Seri Anwar Ibrahim.


BNM to go on engaging with index providers, investors to create greater market efficiency

KUALA LUMPUR, Nov 15 --  Bank Negara Malaysia (BNM) will continue to engage with index providers and investors to see what other measures it can put in place to create greater efficiency in the market.


Malaysia continues to lead in Global Islamic Economy

KUALA LUMPUR, Nov 14 -- Malaysia continues to lead in the Global Islamic Economy Indicator (GIEI) this year, the highest accomplishment among the seven Top Five positions it achieved, according to the seventh State of the Global Islamic Economy Report (SGIE) 2019/20.


SRR cut to release RM7.4 bln liquidity into banking system - UOB

KUALA LUMPUR, Nov 11 -- United Overseas Bank (Malaysia) Bhd (UOB) expects RM7.4 billion of liquidity would be released into the banking system following Bank Negara Malaysia (BNM) move to reduce the Statutory Reserve Requirement (SRR) ratio by 50 basis points to three per cent effective November 16.


BNM cuts statutory reserves ratio to 3 pct

KUALA LUMPUR, Nov 8 -- Bank Negara Malaysia will cut the Statutory Reserve Requirement (SRR) ratio to 3.00 per cent from 3.50 per cent effective Nov 16, 2019, to ensure sufficient liquidity in the domestic financial system.


Bank Rakyat takes sustainability efforts seriously

KUALA LUMPUR, Nov 7 -- Bank Rakyat is striving to achieve all the sustainable development goals (SDGs) set by the United Nations (UN) in line with its aspiration of becoming a sustainable bank in Malaysia.


Public Bank's Q3 net profit declines slightly to RM1.37 bln

KUALA LUMPUR, Nov 7 -- Public Bank Bhd’s net profit for the third quarter (Q3) ended Sept 30, 2019, declined slightly to RM1.37 billion from RM1.4 billion recorded in the same period last year.


HSBC uses AI and machine learning to fight anomalous, suspicious transaction

Exclusive report by Zulfazlin Baharuddin

KUALA LUMPUR, Nov 6 -- Global banking giant, HSBC has been able to deal promptly with any anomalous or suspicious transaction through the adoption of new technologies namely Artificial Intelligence (AI) and machine learning.


Petronas to collaborate with Bank Muamalat on VFP

KUALA LUMPUR, Nov 6 -- Petroliam Nasional Bhd (Petronas) is to collaborate with Bank Muamalat Malaysia Bhd (Bank Muamalat) to offer financing to Petronas’ Oil and Gas Service Equipment (OGSE) and Small and Medium Enterprises (SME) vendors under the Vendor Financing Programme (VFP).


Bank Negara mulls the introduction of a cash transaction limit

KUALA LUMPUR, Nov 5 -- Bank Negara Malaysia (BNM) is in the midst of exploring the introduction of a cash transaction limit (CTL) to complement the existing financial integrity measures, its governor Datuk Nor Shamsiah Mohd Yunus said today.


Petronas to collaborate with Bank Muamalat on VFP
Bank Muamalat named Khairul Kamarudin as new CEO

 
Bank Muamalat aims to have 15,000 merchants using QR scanning next year

FWD Takaful injects RM5 million for para athletes in preparation for 2020 Paralympics
Malaysia’s Lonpac Insurance Bhd has excellent credit ratings - AM Best

 
Japan non-life insurance segment has stable outlook - AM Best

CLOSING, THURSDAY, NOV 21
US4.1680/1710
S'pore3.0607/0633
100 Yen3.8404/8435
Sterling5.3946/3002
Euro4.6202/6252
Source: Bank Negara Malaysia

Reduction in the overnight policy rate (OPR) by Bank Negara Malaysia would be good for consumer spending and investment;
Yes
No
Not sure
 
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