News & Update
Submit Press ReleaseCovid-19: Insurance players in talks with MoH, BNM on easing patients' expenses
KUALA LUMPUR (Jan 17): The insurance industry is currently in talks with the Ministry of Health (MoH) and Bank Negara Malaysia (BNM) to explore ways insurers and takaful operators can...
Cautious trading on Bursa expected ahead of OPR announcement next week
KUALA LUMPUR (Jan 16): Trading on Bursa Malaysia is expected to be cautious ahead of Bank Negara Malaysia's (BNM) Overnight Policy Rate (OPR) announcement on Wednesday. Bank Islam Malaysia Bhd...
BNM expected to cut OPR to new low of 1.5% — DBS Group Research
KUALA LUMPUR (Jan 15): DBS Group Research is predicting Bank Negara Malaysia (BNM) to cut the overnight policy rate (OPR) by another 25 basis points (bps), which would bring the...
BNM issued warning letters to nine illegal money services business operators
KUALA LUMPUR (Jan 14): Bank Negara Malaysia (BNM) issued warning letters to nine entities for conducting illegal money services business between September and November last year. The list comprises Sepakat Network,...
Indonesia could be Asia’s next Islamic finance hub
Indonesia ended 2020 with record highs in Islamic finance development, with the State of the Global Islamic Economy Report (SGIER) 2020-2021 raising the ranking of Indonesia's Islamic finance industry to...
Surviving The Impact of Covid-19: After a tumultuous year, bank earnings seen recovering in 2021
IT was a turbulent year for banks as Covid-19 wreaked havoc on the economy and, inevitably, took a toll on the lenders’ earnings. In a first for the sector, banks...
Bank Islam channels RM400,000 for flood victims
Bank Islam Malaysia Berhad (Bank Islam) will channel funds amounting to RM400,000 from its Islamic crowdfunding platform, Sadaqa House, as humanitarian and disaster relief in several affected states. “Apart from...
BNM lists 12 banks as principal dealers for 2021-2022
KUALA LUMPUR (Jan 6): Bank Negara Malaysia (BNM) has retained its list of 12 banks as principal dealers for this year up to Dec 31, 2022. The 12 banks are...
Non-banks to dominate digital banking application
BANK Negara Malaysia (BNM) has issued a policy document on licensing framework for digital banks last week, following a six-month public consultation, and set June 30, 2021, as the deadline...
PPZ-MAIWP’s zakat collection increases 11% to RM756 mil
The total zakat (Islamic tax, one of the pillars of Islam) collected by the Zakat Collection Centre of the Federal Territory Islamic Religious Council (PPZ-MAIWP) last year went up by 11 per...
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