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BNM & Dubai Financial Services Authority team up on supervisory cooperation

The MoU outlines cooperation and coordination between the authorities in the areas of exchange of information, facilitation of consolidated and cross-border on-site supervision, issuance of licences and combating money laundering and terrorism financing.


No negative surprises in banking sector in 3Q - analysts

KUALA LUMPUR, Dec 4 (Bernama) -- There were no negative surprises from local banks in their results for the third quarter ended Sept 30, 2018 (3Q18) despite some pressures on net interest income and non-interest income due to volatility in the market.


Standardisation is key for Islamic finance growth - CBB Director

By Siti Radziah Hamzah

KUALA LUMPUR, Dec 2 (Bernama) – Regulators and Islamic finance players are urged to adopt standardisation to facilitate growth of the industry as well as to facilitate seamless cross-border transactions.


Net financing growth continues to support economic activity in October – BNM

KUALA LUMPUR, Nov 30 (Bernama) -- Malaysia's net financing growth, excluding development financial institutions (DFIs) and outstanding corporate bonds, continued to support economic activities, increasing to 7.1 per cent in October from seven per cent in September, says Bank Negara Malaysia (BNM).


Maybank posts net profit of RM1.96 bln in Q3

KUALA LUMPUR, Nov 29 (Bernama) -- Malayan Banking Bhd (Maybank) recorded a lower net profit of RM1.96 billion in the third quarter ended Sept 30, 2018 (Q3 2018) from RM2.03 billion in the same period last year.


INCEIF achieves AACSB accreditation

KUALA LUMPUR, Nov 28 (Bernama) -- The International Centre for Education in Islamic Finance (INCEIF) has become the only Islamic finance-focused university in Malaysia to be accredited by the Association to Advance Collegiate Schools of Business (AACSB).


AmBank targets up to 40 pct SME loan growth

AmBank Group targets to achieve a 30 to 40 per cent growth in small and medium enterprise (SME) loans over the next three years.


Bank Muamalat to open 4 new branches by year-end

Bank Muamalat Malaysia Bhd (Bank Muamalat) will open four new branches by year-end while the opening of new branches for 2019 is still under discussion.


Bank Islam expects 7-8 pct loan growth next year

KUALA LUMPUR, Nov 24 (Bernama) – Bank Islam Malaysia Bhd expects to achieve a loan growth of seven per cent to eight per cent next year, slightly lower than this year's target, amid the challenging business environment.


Malaysia ahead of other Islamic finance markets - RAM Ratings

KUALA LUMPUR, Nov 12 (Bernama) -- Malaysia is ahead of other Islamic finance markets in terms of progress and maturity in the development of its Islamic finance eco-system, says RAM Rating Services Bhd (RAM Ratings).


Standardisation is key for Islamic finance growth - CBB Director
INCEIF achieves AACSB accreditation

 
Bank Muamalat manages more than RM20 million in waqf fund

Takaful IKHLAS converts licence to manage family and general takaful businesses
Malaysian Re launches 2nd edition of ASEAN Insurance Pulse

 
IR 4.0 offers big competitive advantage to insurance firms

MIDDAY, THURSDAY, DEC 13
US4.1800/1840
S'pore3.0462/0493
100 Yen3.6861/6906
Sterling5.2747/2815
Euro4.7514/7580
Source: Bank Negara Malaysia

Starting April the banks have imposed a 50 sen processing fee on top of the 15 sen stamp duty on each cheque. The fee also applies to those applying for a Banker’s Cheque, Bank Draft and Cashier’s Order. Do you think this additional charge is justified?
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