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Virtual banks can attract more millennials to Islamic banks 

From Siti Radziah Hamzah

NUR-SULTAN (KAZAKHSTAN), July 4 (Bernama) -- The virtual banking space can be a boon to Malaysian Islamic banks, which have been active in digitalisation, to further attract younger customers or the millennials, who are heavily reliant on technology. 


Maybank aims 10,000 device acceptance for Tap2Phone

Malayan Banking Bhd (Maybank) today launched its latest Tap2Phone payment solution for small businesses and is aiming over 10,000 device acceptance points within the next 12 months, says senior executive vice president Datuk Hamirullah Boorhan.


Bank Muamalat posts RM241.2 mln PBT for FY 2019

KUALA LUMPUR, July 1 (Bernama) -- Bank Muamalat Malaysia Bhd's (BMMB) profit before tax increased 4.6 per cent to RM241.2 million for the financial year ended March 31, 2019, from RM230.5 million posted in the corresponding period of 2018.


Digitisation and regulatory support drive growth of Islamic finance in M'sia, Indonesia

By Massita Ahmad

SINGAPORE, July 1 (Bernama) -- Digitisation, along with continued government commitment to develop Islamic banking, will support the growth of the sector in both Malaysia and Indonesia, according to Moody's Investors Service.


Ringgit's performance hinges on outcome of US-China meeting

By Mohd Khairi Idham Amran

KUALA LUMPUR, June 29 (Bernama) -- The ringgit's performance next week is expected to be influenced by the outcome of the crucial meeting between US President Donald Trump and Chinese President Xi Jinping over the weekend.


BNM: liquidity remains ample in Malaysia's banking system

KUALA LUMPUR, June 28 (Bernama) -- Banks in Malaysia have maintained sufficient liquidity to support intermediation and meet urgent needs, Bank Negara Malaysia (BNM) said.


Islamic banking industry continues to offer financing to eligible Malaysians - AIBIM

KUALA LUMPUR, June 24 (Bernama) -- The Association of Islamic Banking and Financial Institutions Malaysia (AIBIM) has ensured that its member banks will continue to provide access for Islamic finance banking products and services to eligible customers and businesses. 


BSN & UiTM undertake Micro Finance Entrepreneurs Analytics Pilot Project

KUALA LUMPUR, June 22 (Bernama) -- Bank Simpanan Nasional (BSN) and Universiti Teknologi MARA (UiTM) are working together in the Micro Finance Entrepreneurs (MFE) Analytics Pilot Project, aims to improve BSN Micro/i customers' accounting management.


Finterra sees Malaysian Islamic banks actively embrace digitalisation

KUALA LUMPUR, June 19 (Bernama) -- Malaysian Islamic financial institutions are seen actively looking to embrace digitalisation to support future growth. 


Pressing need to provide secure framework in technological innovation, says BNM

KUALA LUMPUR, June 17 (Bernama) -- There is a pressing need for the financial industry and nation to provide an enabling and secure framework for technological innovation, said Bank Negara Malaysia (BNM) governor Datuk Nor Shamsiah Mohd Yunus today. 


Window of opportunity for Kazakhstan to be Islamic finance hub
Bank Muamalat posts RM241.2 mln PBT for FY 2019

 
Bank Muamalat's shopping treat for underprivileged children

Positive outlook for DPL Insurance Limited, says AM Best
Prudential app pulses with excitement, collaborating with DoctorOnCall, Babylon, AIME

 
Sure bet: VSure.Life first digital mobile insurance protection in Malaysia, SEA

CLOSING, MONDAY, JUL 22
US4.1110/1150
S'pore3.0219/0253
100 Yen3.8104/8151
Sterling5.1248/1306
Euro4.6109/6166
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
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