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Banks to offer six-month moratorium from July 7, say ABM, AIBIM

Banks to offer six-month moratorium from July 7, say ABM, AIBIM

The Association of Banks in Malaysia (ABM) and Association of Islamic Banking and Financial Institutions Malaysia (AIBIM) member banks will be offering a six-month moratorium from July 7.
Tue Jun 29 2021
98 pct approval rate for borrowers seeking targeted repayment assistance

98 pct approval rate for borrowers seeking targeted repayment assistance

Banks remain committed to support affected borrowers/customers as the targeted moratorium phase begins today.
Thu Oct 01 2020
Malaysia's Maybank second-quarter profit drops 52 per cent

Malaysia's Maybank second-quarter profit drops 52 per cent

Maybank's net profit for the April-June period was RM942 million ($225.95 million) compared with RM1.9 billion a year ago.
Thu Aug 27 2020
Malaysia holds special importance for the leadership of Kazakhstan

Malaysia holds special importance for the leadership of Kazakhstan

Kazakhstan and Malaysia cooperate in priority sectors such as Islamic banking, the halal industry, oil and gas, infrastructure, green technologies and many more.
Tue Jun 16 2020
'Hibah' best tool to resolve Muslim inheritance issues - Experts

'Hibah' best tool to resolve Muslim inheritance issues - Experts

Many Malays are still not aware of the importance of naming the heirs to their estate beforehand.
Tue Jun 09 2020
Hong Leong Bank Bhd eyes 5pc loan growth for FY19

Hong Leong Bank Bhd eyes 5pc loan growth for FY19

Mostly driven by the retail and business banking segments, Hong Leong Bank Bhd foresees to achieve loan growth of more than 5 per cent for financial year ending June 30, 2019.
Tue Feb 26 2019
CIMB's Rafe Haneef: Steering the Once Fastest Growing Islamic Bank, Away From the Dreaded 'Plateau'

CIMB's Rafe Haneef: Steering the Once Fastest Growing Islamic Bank, Away From the Dreaded 'Plateau'

Cooling growth and stabilising earnings in Islamic banking points to a plateauing of prospects after a heady performance in the roaring noughties.
Mon Mar 19 2018
CIMB expects sovereigns to issue green Islamic bonds in 2018

CIMB expects sovereigns to issue green Islamic bonds in 2018

More than one sovereign could tap the Islamic bond market to raise funds for climate-friendly investments, Rafe Haneef, Chief Executive of CIMB's Islamic banking arm told Reuters in an interview.
Tue Feb 06 2018
Puncak Niaga's sub-subsidiary executes agreement on RM290 mln Islamic banking facility

Puncak Niaga's sub-subsidiary executes agreement on RM290 mln Islamic banking facility

In a filing to Bursa Malaysia today, PNHB said, the facilities would enable DSSB to refinance its existing outstanding banking facilities.
Thu Oct 19 2017
It's time for Islamic banks to consider mergers, says banker

It's time for Islamic banks to consider mergers, says banker

The merger of Islamic banking units in Malaysia is crucial as the market is becoming overcrowded with the players hungry for growth, outgoing BIMB Holdings Bhd Group CEO Datuk Seri Zukri Samat said.
Sun May 28 2017
Islamic banking M&A plausible, says AllianceDBS

Islamic banking M&A plausible, says AllianceDBS

Potential M&A candidates include the Malaysia Building Society Bhd (MBSB), and Bank Muamalat Malaysia Bhd (Muamalat), it said in a statement today.
Mon Feb 20 2017
Retailers, cardholders need to switch to PIN-enabled terminal, card soonest

Retailers, cardholders need to switch to PIN-enabled terminal, card soonest

Using PIN is a more secure, convenient and faster way to pay compared with using signature and card payments without PIN.
Tue Dec 13 2016
Melaka aims to become Islamic banking hub in 5-10 years

Melaka aims to become Islamic banking hub in 5-10 years

The Melaka state government intends to develop the state as a hub for international Islamic banking in five to 10 years' time, said Chief Minister Datuk Seri Idris Haron.
Tue Dec 06 2016
Zahid: Islamic banking assets now at 27 PCT of Malaysia total banking system

Zahid: Islamic banking assets now at 27 PCT of Malaysia total banking system

Islamic banking assets now stand at 27 per cent of Malaysia's total banking system, while Takaful penetration amounts to 14.8 per cent of the population, said Datuk Seri Ahmad Zahid Hamidi.
Mon Nov 21 2016
Bank Islam sees good response to Islamic banking and finance

Bank Islam sees good response to Islamic banking and finance

Acceptance of the Islamic system will continue to grow due to customers' return considerations on Islamic financial products.
Sat Nov 05 2016
ISIS Malaysia's perspective of Budget 2025

ISIS Malaysia's perspective of Budget 2025

An excellent rakyat-centric budget under the overarching principle of a caring and humane economy.
Fri Oct 18 2024
Budget 2025: Record increase in STR, SARA aid initiatives

Budget 2025: Record increase in STR, SARA aid initiatives

The government will provide a significant boost to the Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rahmah (SARA) initiatives next year.
Fri Oct 18 2024
Budget 2025: EPF contributions to be made mandatory for foreign workers – PM Anwar

Budget 2025: EPF contributions to be made mandatory for foreign workers – PM Anwar

The government plans to make it compulsory for all non-citizen workers to contribute to the Employees Provident Fund (EPF).
Fri Oct 18 2024
What policies to expect from Indonesia's new President Prabowo

What policies to expect from Indonesia's new President Prabowo

Prabowo will be open to foreign investment, his aide has said, such as by offering investors management of airports and sea ports.
Fri Oct 18 2024
Budget 2025: Govt allocates RM470 mil to empower women's participation in PMKS

Budget 2025: Govt allocates RM470 mil to empower women's participation in PMKS

The Women's Leadership Apprenticeship Program will be intensified as an effort to produce more female corporate personalities.
Fri Oct 18 2024
Israel sends more troops into north Gaza, deepens raid

Israel sends more troops into north Gaza, deepens raid

Residents of Jabalia in northern Gaza said Israeli tanks had reached the heart of the camp, using heavy air and ground fire.
Fri Oct 18 2024
Indonesia ramps up security ahead of Prabowo's inauguration

Indonesia ramps up security ahead of Prabowo's inauguration

Prabowo Subianto will be sworn in as Indonesia's president on Sunday with Vice President-elect, Gibran Rakabuming Raka, also taking office.
Fri Oct 18 2024
Immediate allocation of RM150 mil for local authorities, DID to tackle flash floods

Immediate allocation of RM150 mil for local authorities, DID to tackle flash floods

Datuk Seri Anwar Ibrahim said this allocation is intended to address the recent flash floods that hit the capital and several major towns.
Fri Oct 18 2024
Budget 2025: Sabah, Sarawak to continue receiving among highest allocations - PM

Budget 2025: Sabah, Sarawak to continue receiving among highest allocations - PM

Sabah and Sarawak continues to be prioritised under Budget 2025, with allocations of RM6.7 billion and RM5.9 billion respectively.
Fri Oct 18 2024
NFOF will be operational in November 2024 with funding of RM1 bil

NFOF will be operational in November 2024 with funding of RM1 bil

PM Anwar Ibrahim said NFOF will support venture capital fund managers to invest in startup companies with RM300 million set aside for 2025.
Fri Oct 18 2024