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Bank Muamalat inks MoU with Yayasan Pengaman Malaysia

Bank Muamalat Malaysia Berhad (Bank Muamalat) signed a memorandum of understanding (MoU) with Yayasan Pengaman Malaysia to assist future pensioners and existing pensioners of the Royal Malaysian Police (PDRM).


Banking sector needs to be more aware of financial crimes

From the cases, assets worth RM88 million were frozen, properties worth RM63 million were confiscated and the rights to properties worth RM2.3 million were taken away in accordance with the provisions under the act.


Exim Bank contributes to charity home

A total of 34 volunteers comprising EXIM Bank’s staff and the home’s orphans carried out home enhancement ‘gotong royong’ (coordinated activity in a team) works on that day, such as installing closets and mats.

 


CIMB receives outstanding capabilities awards

KUALA LUMPUR, Oct 8 (Bernama) – CIMB Group (CIMB) picked up six awards at the Alpha Southeast Asia 12th Annual Best Financial Institution Awards and another two at the Asiamoney Best Bank Awards (Malaysia) 2018.


Tun Ismail Ali - A titan of Malaysia's economic and financial sector

KUALA LUMPUR, Oct 8 (Bernama) -- The first Malaysian Governor of Bank Negara Malaysia (BNM), Tun Ismail Ali, was a nation builder and a titan of the country’s economic and financial sector for establishing institutions that formed the economic pillars of modern Malaysia.


BNM International reserves at US$103.0 bln as at Sept 28

KUALA LUMPUR, Oct 5 (Bernama) -- Bank Negara Malaysia’s (BNM) international reserves amounted to US$103.0 billion as at Sept 28 compared with US$103.9 billion as at Sept 14, 2018


Islamic banks urged to roll out new sustainable products

We are at a juncture where we need to rethink the differentiation (between Islamic banking and conventional banking) and how Islamic finance can play a role in society. Banks are here to also enrich the society as a whole.


Malaysia to sustain growth, hit high-income status by 2024: World Bank

KUALA LUMPUR, Oct 4 (Bernama) – Malaysia’s economy is projected to expand at 4.7 per cent in 2019 and 4.6 per cent in 2020 despite challenges, while the country is expected to achieve high-income nation status at some point between 2020 and 2024, says the World Bank.


Zeti honoured with royal award for Islamic Finance

KUALA LUMPUR, Oct 3 (Bernama) – Former Bank Negara Malaysia (BNM) Governor, Tan Sri Dr Zeti Akhtar Aziz, 71, was today honoured with the Royal Award for Islamic Finance 2018.


AIBIM members to adopt VBI on voluntary basis

KUALA LUMPUR, Oct 3 (Bernama) –  Members of the Association of Islamic Banking and Financial Institutions Malaysia (AIBIM) have agreed to adopt the value-based intermediation (VBI) concept on a voluntary basis.


No need for Islamic banks consolidation now, says banker
Technology will not take over human jobs

 
Islamic banking industry on track to achieve 40 pct of banking assets

AmMetLife launches plan with embedded cancer benefit
LIAM generates health awareness via Nationwide Campaign

 
GETB offers four new Takaful packages

CLOSING, TUESDAY, OCT 16
US4.1515/1555
S'pore3.0153/0189
100 Yen3.7027/7070
Sterling5.4804/4861
Euro4.8041/8096
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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