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BNM Seeks More Focused Delivery Of Mandates Under Malaysian Development Financial Institutions

KUALA LUMPUR, Sept 19 (Bernama) -- Bank Negara Malaysia (BNM) is planning to work with the leadership of local financial institutions and other stakeholders in government to address a more focused delivery of mandates under the Malaysian Development Financial Institutions.

Affin Expects Loan Segment To Grow By Seven Pct

KUALA LUMPUR, Sept 11 (Bernama) -- Affin Bank Bhd expects its loan segment to grow between six per cent and seven per cent for the financial year ending Dec 31, 2017 from the RM44 million recorded previously.

AmInvestment Bank Wins 'Best Sukuk House Of The Year 2017' Award At 7th GIFA

KUALA LUMPUR, Sept 11 (Bernama) -- AmBank Group's investment banking arm, AmInvestment Bank Bhd, has won the 'Best Sukuk House of the Year 2017' award at the seventh Global Islamic Finance Awards 2017 (GIFA) in Astana, Kazakhstan on Sept 6, 2017.

Banks Exercise Sound Lending, Valuation Practices In Commercial Property Lending -- Association

KUALA LUMPUR, Sept 8 (Bernama) -- Banks have stringent processes for credit risk assessment supported by sound lending and valuation practices, says The Association of Banks in Malaysia (ABM).

Six Islamic Banks Collaborate To Develop Waqf Fund

KUALA LUMPUR, Sept 8 (Bernama) -- Six Islamic banks have signed a Strategic Collaboration Agreement to develop the Waqf Fund for economic empowerment, education, health and investment in the quest to stimulate Muslim economy.

CIBAFI Enables M'sia To Tap Banking Industry Of Member Countries

KUALA LUMPUR, Sept 8 (Bernama) --The appointment of Malaysia as a board member of the General Council for Islamic Banks and Financial Institutions (CIBAFI) will enable the country to tap into the banking industry of member countries.

Currency Transaction Losses: Zeti, Nor Mohamed, Ainum Give Statements

PUTRAJAYA, Sept 6 (Bernama) -- The presence of three high-profile personalities including former Governor of Bank Negara Malaysia (BNM) Tan Sri Dr Zeti Akhtar Aziz to give statements at the proceedings of the Royal Commission of Inquiry on losses from the Foreign Currency Transactions by Bank Negara Malaysia Around the 1990's became the centre of attention at the Palace of Justice, here today.

Find Ways To Boost Cross-Border Transactions Of Islamic Finance Services - BNM Governor

KUALA LUMPUR, Sept 5 (Bernama) -- Scholars and researchers need to think through what it takes to internationalise Islamic finance and formulate ways to enhance cross-border transactions of its services, says Bank Negara Malaysia (BNM) Governor, Datuk Muhammad Ibrahim.

Maybank Islamic Looks To Expand Shariah Banking To ASEAN

KUALA LUMPUR, Sept 5 (Bernama) -- Maybank Islamic Bhd is looking to expand the Islamic banking system to ASEAN countries, said Chief Executive Officer Datuk Mohamed Rafique Merican.

Maybank Islamic Expects Its Financing Asset Growth At 8 Pct

KUALA LUMPUR, Sept 5 (Bernama) -- Maybank Islamic Bhd expects its financing growth to achieve eight per cent this year, backed by improved customer sentiment and momentum in the country's economy.

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GST ends on AIBIM Bank services & products
RHB Islamic Bank CEO is new AIBIM President

Islamic Financial Institutions should adopt IIFM standards

Zero GST for life, general insurance and Takaful products
Takaful Malaysia converts composite licence to single licences

Taiwan's Shinkong Insurance company gets excellent ratings

US 3.9960/9990
S'pore 2.9580/9611
100 Yen 3.6147/6177
Sterling 5.2935/2979
Euro 4.6342/6384
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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