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Tekun Nasional spends over RM17 mln on Ar Rahnu financing

KOTA BHARU, April 18 (Bernama) -- The National Entrepreneur Group Economic Fund (TEKUN Nasional) has spent over RM17 million on loans for customers of its Ar Rahnu product, an Islamic pawnbroking scheme which it introduced in 2015.

AmBank bags two Malaysian e-Payments Excellence Awards

This achievement is indeed an honour as it further demonstrates our commitment and efforts in encouraging our customers and partners

RHB Islamic partners RMCD to reduce usage of cash, cheques

KUALA LUMPUR, April 16 (Bernama) -- RHB Islamic Bank Bhd is collaborating with the Royal Malaysian Customs Department (RMCD) to reduce the usage of cash and cheques through RHB Corporate MyDebit Card.

Ambank targets 1 mln AmOnline users by year-end

KUALA LUMPUR, April 13 (Bernama) -- AmBank (M) Bhd is targeting to double its enhanced Internet banking platform, AmOnIine users to one million by year-end.

Public Bank to raise up to RM10 bln via capital securities

KUALA LUMPUR, April 11 (Bernama) -- Public Bank Bhd (PBB) has proposed to establish an additional Tier 1 capital securities (AT1CS) programme of up to RM10 billion in nominal value.

Bank Islam pays RM8.11 mln tithes To PPZ-MAIWP

KUALA LUMPUR, April 9 (Bernama) -- Bank Islam Malaysia Bhd, fulfilling its obligation as a Shariah-compliant financial institution, has contributed RM8.11 million in tithes to the Zakat Collection Centre of the Federal Territories Islamic Religious Council (PPZ-MAIWP).

Affin Islamic optimistic on securing 40 pct share of Islamic banking in 2019

By Zarul Effendi Razali

KUALA LUMPUR, April 7 (Bernama) -- Affin Islamic Bank Bhd is optimistic on achieving a 40 per cent market share of the Islamic banking finance by 2019, mainly driven by the growth in its small and medium enterprises (SMEs) financing segment.

BNM refutes report on living wage suggesting Malaysians are poor

KUALA LUMPUR, April 6 (Bernama) -- Bank Negara Malaysia (BNM) is refuting a news report published on April 4, which said that its analysis on the living wage suggests that Malaysians are poor.

Islamic Banks eyes bigger trade financing mart share

KUALA LUMPUR, April 6 (Bernama) -- Malaysian Islamic banks are boosting their trade financing market share with various measures.

OCBC appoints new chairman

Kuala Lumpur, April 3 (Bernama) -- OCBC Bank (Malaysia) Bhd and OCBC Al-Amin Bank Bhd have appointed veteran banker Tan Ngiap Joo as the new chairman, effective March 30, 2018.

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Islamic Banks eyes bigger trade financing mart share
Maybank†Islamic CEO Mohamed Rafique Appointed IBFIM Chairman

Islamic finance must be proactive to reduce poverty, inequality - Sultan Nazrin

CIMB targets RM200 mln in non-life insurance premiums this year
AAGI, MAB launch AXA SmartAid for the Visually Impaired

Credit ratings of Energas Insurance, stable - A.M. Best

US 3.8890/8920
S'pore 2.9694/9728
100 Yen 3.6214/6252
Sterling 5.5204/5263
Euro 4.8103/8144
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 Bankerís Cheque, Bank Draft and Cashierís Order. Do you think this additional charge is justified?
 [tally] 15%
 [tally] 78%
Not sure
 [tally] 7%

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