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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).


Bank Negara Malaysia maintains OPR at 3.25 per cent

KUALA LUMPUR, Nov 8 (Bernama) -- Bank Negara Malaysia (BNM) has maintained the Overnight Policy Rate (OPR) at 3.25 per cent at the Monetary Policy Committee (MPC) meeting today.


Raja Muda Perlis tells people to give priority to Islamic banking system

KANGAR, Nov 8 (Bernama) -- Raja Muda Perlis Tuanku Syed Faizuddin Putra Jamalullail has called on the people to give priority to the Islamic banking system because it complied with the religious needs of their banking affairs.


RHB Bank eyes 30 pct increase in cardholders by Q1 2019

RHB Banking Group expects to increase the number of its cardholders by 30 per cent by the first quarter next year, driven by its latest product, the Dual Credit Card.


BNM to lower daily CTR to RM25,000 from Jan 1, 2019

KUALA LUMPUR, Oct 30 (Bernama) -- Bank Negara Malaysia (BNM) will be lowering the daily cash threshold report (CTR) to RM25,000 from the current RM50,000, effective Jan 1, 2019.


ASEAN economies have strong foundation to facilitate Islamic banking

KUALA LUMPUR, Oct 30 (Bernama) -- Moody's Investors Service said ASEAN economies had a strong foundation to facilitate Islamic banking growth, with right regulations in place. 


Bank Muamalat manages more than RM20 million in waqf fund

KUALA LUMPUR, Oct 24 (Bernama) -- Bank Muamalat Malaysia Bhd has managed more than RM20 million of waqf fund to-date under its MyWakaf initiative launched last year.


CIMB supports the duitnow initiative

CIMB Bank Bhd and CIMB Islamic Bank Bhd fully support Bank Negara Malaysia’s efforts in promoting a cashless society.


BNM urges authorities to increase policy agility

KUALA LUMPUR, Oct 23 (Bernama) – Bank Negara Malaysia (BNM) has urged the authorities to increase policy agility as one of four strategic priorities for financial stability as the country navigates an uncertain future.


BNM International Reserves at US$102.8 billion as at Oct 15

KUALA LUMPUR, Oct 22 (Bernama) -- Bank Negara Malaysia’s (BNM) international reserves amounted to US$102.8 billion as at Oct 15, 2018, after taking into account valuation changes, compared with US$103.0 billion as at Sept 28, 2018. 


Bank Muamalat manages more than RM20 million in waqf fund
No need for Islamic banks consolidation now, says banker

 
Technology will not take over human jobs

5 LIAM CEOs conferred prestigious MII Fellowship
2019 Budget is a caring budget - LIAM

 
AmMetLife, Mydin announce first iMeriah recipient

CLOSING, FRIDAY, NOV 16
US4.1900/1940
S'pore3.0428/0462
100 Yen3.6946/6991
Sterling5.3603/3671
Euro4.7506/7568
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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