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Muamalat Bank Distributes RM40,000 Aid At Breaking-the-fast Event

KUALA LUMPUR, June 8 (Bernama) -- Bank Muamalat Malaysia Berhad today gave out contributions in the forms of items of need and raya money worth RM40,000 to 120 orphans, tahfiz students and homeless in the federal capital.

Maybank Islamic Appoints New Board Chairman

KUALA LUMPUR, June 8 (Bernama) -- Maybank Islamic Bhd has appointed Zainal Abidin Jamal as Board Chairman, effective June 1, 2017.

Proposed Merger Between RHB And AMMB To Benefit AmBank More, Says Moody's Credit Outlook

KUALA LUMPUR, June 8 (Bernama) -- The proposed merger between RHB Bank Bhd and AMMB Holdings Bhd is expected to benefit AmBank group more than RHB, says the latest Moody's Credit Outlook.

Maybank Launches Fintech Sandbox To Drive Growth

KUALA LUMPUR, June 6 (Bernama) -- Malayan Banking Bhd (Maybank) has launched the FinTech Sandbox, a regional collaborative financial technology (fintech) platform to fast-track the growth of fintech developers across the ASEAN region.

ABM Conducts PIN And Pay Engagement Sessions

KUALA LUMPUR, June 5 (Bernama) -- The Association of Banks in Malaysia (ABM) and the National Cards Group (NCG) recently jointly conducted PIN and Pay engagement sessions with business sectors in Johor Bahru and Penang.

CIMB Clinches 21 Awards At Asset Triple A Islamic Finance Awards 2017

KUALA LUMPUR, June 2 (Bernama) -- CIMB Group bagged 21 awards at the Asset Triple A Islamic Finance Awards 2017, including that of "Sukuk House of the Year, Asia Pacific" for the fifth consecutive year.

RHB-AmBank To Take No. 1 Spot In Asset Management, Insurance, Broking

KUALA LUMPUR, June 2 (Bernama) -- The RHB Bank Bhd (RHB) and AMMB Holdings Bhd (AmBank) merger would allow the enlarged entity to claim the number one spot for asset management, general insurance and equity broking, and the number two spot for Islamic banking in Malaysia, according to analysts.

RHB-AmBank Merger Talks Boost Positive Sentiment

By Azizul Ahmad

KUALA LUMPUR, June 2 (Bernama) -- RHB Bank Bhd (RHB) and AMMB Holdings Bhd's (AmBank) proposed merger to create one of Malaysia's biggest lenders has signalled positive development in Malaysia as well as the ASEAN region.

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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 3.9070/9100
S'pore 2.9500/9529
100 Yen 3.5824/5868
Sterling 5.4612/4674
Euro 4.7751/7792
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?

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