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AmBank Islamic Aims To Record Slightly Higher Loans Growth In FY18

KUALA LUMPUR, May 11 (Bernama) -- AmBank Islamic Bhd aims to record a slightly higher loans growth than the industry's average of between four per cent and five per cent for the financial year ending March 31, 2018 (FY18).

BSN Clarifies It Has Not Created 'Entrepreneurs Fund'

KUALA LUMPUR, May 8 (Bernama) -- Bank Simpanan Nasional (BSN) has clarified that it has not created an 'Entrepreneurs Fund', offering between RM200,000 and RM400,000 to selected entrepreneurs.

Bank Rakyat Announces 15 Pct Dividend Payment For 2016

KUALA LUMPUR, May 5 (Bernama) -- Bank Kerjasama Rakyat Malaysia Bhd (Bank Rakyat) has announced a cash dividend payment of 15 per cent, involving a payout of RM450 million for the financial year ended Dec 31, 2016, compared to 13 per cent in 2015.

RHB Targets 9-10 Per Cent Growth In Retail Banking

PETALING JAYA, May 5 (Bernama) -- RHB Bank Bhd is targeting a nine to 10 per cent growth in its retail banking segment encouraged by the growth in its customer base which recorded over 30,000 new accounts opened monthly since January this year.

BNM Will Not Hesitate To Enforce Law Against Perpetrators & Promoters Of Illegal Financial Schemes

KUALA LUMPUR, May 4 (Bernama) –-Bank Negara Malaysia (BNM) will not hesitate to enforce the law against perpetrators and promoters of illegal financial schemes and has vowed that wrongdoers will face the full brunt of the law.

Islamic Banks Are No Longer Required To Maintain Reserve Fund - BNM

KUALA LUMPUR, May 3 (Bernama) -- Bank Negara Malaysia (BNM) announced that Islamic banks are no longer required to maintain a reserve fund effective May 3, 2017.

Bank Muamalat Contributes Items For Surau Under Rapid Rail

KUALA LUMPUR, May 3 (Bernama) -- Realising the importance of giving comfort to users of public transport, Bank Muamalat Malaysia Berhad today contributed items worth RM10,000 to surau under the management of Rapid Rail Sdn Bhd.

More Islamic Islamic Financial Institutions Should Be Listed on Bursa, Says Abdul Wahid

KUALA LUMPUR, May 2 (Bernama) -- The listing of more Islamic financial institutions on Bursa Malaysia is needed to boost the Islamic fund and wealth management industry going forward.

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BNM, Banks Have Adequate Shariah Experts
RHB Islamic To Provide e-solutions To PBT Pengerang

 
AIBIM Wants Govt To Channel Incentives For SMEs Via Islamic Banks

Takaful Malaysia, AmBank Islamic Ink Bancatakaful Partnership
Motorists Pay Lower Motor Insurance Premium After Liberalisation

 
Life Insurance Companies Announce Flood Relief Measures

CLOSING, FRIDAY, DEC 15
US 4.0780/0810
S'pore 3.0286/0313
100 Yen 3.6359/6389
Sterling 5.4763/4816
Euro 4.8100/8152
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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