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...
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...
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...
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 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...
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 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...
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...
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...
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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