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Orix Expects Shariah-compliant Products To Boost Volume, Revenue

†SHAH ALAM, Nov 30 (Bernama) -- ORIX†Leading Malaysia Bhd†expects the Shariah-compliant products it launched today " i-Rental, i-Lease and i-Hire Purchase "†will boost its business volume and revenue.†

Hong Leong Q1 Pre-tax Profit Increases To RM840.46 Mln

KUALA LUMPUR, Nov 30 (Bernama) -- Hong Leong Financial Group (HLFG) Bhd's pre-tax profit for the first quarter ended June 30, 2017 increased 15.8 per cent, year-on-year, to RM840.46 million compared with RM725.51 million recorded in the corresponding quarter last year.

Ministry Yes To Appointment Of Chew As BNM Deputy Governor

KUALA LUMPUR, Nov 28 (Bernama) -- The Minister of Finance has approved the appointment of Jessica Chew Cheng Lian as Deputy Governor for a three-year term effective Jan 1, 2018 following the retirement of Dr Sukudhew (Sukhdave) Singh on Dec 31, 2017.

India Says No To Islamic Banking

AmBank Eyes 50 Per Cent Of Car Finance Applications To Come Via Mat

KUALA LUMPUR, Nov 27 (Bernama) -- AmBank (M) Bhd is aiming for 50 per cent of its car finance applications to come via its latest innovation, Mobile Application Terminal (MAT) within one year of its implementation.

RHB Bank Pre-Tax Profit Falls To RM644.07 Million

KUALA LUMPUR, Nov 27 (Bernama) -- RHB Bank Bhd's pre-tax profit for the third quarter ended Sept 30, 2017 declined to RM644.07 million from RM662.62 million in the same quarter last year.

Islamic Finance Industry Must Work Collectively To Address Challenges -- Johari

KUALA LUMPUR, Nov 26 (Bernama) --The country's Islamic finance industry needs to work collectively and persistently to address the challenges and strengthen the weaknesses while continuing to expand, innovate and progress, Second Minister of Finance Datuk Seri Johari Abdul Ghani said.

BNM, Banks Have Adequate Shariah Experts

By Niam Seet Wei

KUCHING, Nov 26 (Bernama) -- Bank Negara Malaysia (BNM) and commercial banks in the country have adequate shariah experts to ensure that the implementation of the Islamic banking system is in accordance with Shariah principles, says Federal Territories Mufti Sahibus Samahah Datuk Dr Zulkifli Mohamad Al Bakri.

BNM To Promote Inclusive Finance, Says Governor

From Niam Seet Wei

KUCHING, Nov 24 (Bernama) -- Bank Negara Malaysia (BNM) will continue to promote inclusive finance to ensure that the rakyat gets quality financial services, said Governor, Tan Sri Muhammad Ibrahim.

CIMB, First Bank To Receive Regulatory Sandbox Approval For e-KYC

KUALA LUMPUR, Nov 24 (Bernama) -- CIMB Bank Bhd has moved ahead of the digital banking curve by being the first bank in Malaysia to receive regulatory sandbox approval for electronic Know-Your-Customer (e-KYC) to enhance its consumer banking proposition.

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RHB Islamic Bank CEO is new AIBIM President
Islamic Financial Institutions should adopt IIFM standards

Islamic Banks eyes bigger trade financing mart share

Taiwan's Shinkong Insurance company gets excellent ratings
Tinubu Square launches innovation lab for insurance and banking industry

MSAM 2018 records 200,168 visitors

US 3.9740/9780
S'pore 2.9562/9596
100 Yen 3.5753/5799
Sterling 5.3391/3448
Euro 4.6698/6749
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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