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Banks Revise Base Rates, FD Rates After Latest OPR Hike In May 2023
- 5th May 2023
(Updated on 12 May 2023.) In its May meeting two days ago, the Monetary Policy Committee (MPC) of […]
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BNM
BNM Resumes Monetary Tightening, Increases OPR By 25bps To 3.00%
- 3rd May 2023
Bank Negara Malaysia (BNM) has decided to resume its monetary tightening by increasing the overnight policy rate (OPR) […]
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BNM
Economists: OPR Hikes Still Probable Despite Inflation Easing
- 26th April 2023
Several investment banks and economists have said that they foresee more hikes in the overnight policy rate (OPR) […]
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BNM
TNG eWallet: Users Can Now Make Cashless Payments At Over 130,000 Merchants In Singapore
- 17th April 2023
Touch ‘n Go (TNG) eWallet said that its users can now make cashless payments at more than 130,000 […]
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BNM
Malaysia, Singapore Launch Cross-Border QR Code Payment Connectivity
- 4th April 2023
Malaysians travelling to Singapore will now be able to pay for their purchases by scanning the Singaporean NETS […]
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BNM
BNM: Malaysians May Deplete Retirement Savings 19 Years Before Death
- 31st March 2023
Bank Negara Malaysia (BNM) has cautioned that the retirement savings of an average Malaysian may likely dry up […]
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BNM
BNM Sees Growing Trend Of Missed Repayments Among BNPL Borrowers
- 30th March 2023
Bank Negara Malaysia (BNM) has highlighted that there is a growing trend of buy-now-pay-later (BNPL) users missing their […]
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BNM
BNM: Wider Adoption Of Digital Financial Services Hindered By Low Awareness, Limited Financial Literacy
- 30th March 2023
Certain segments of the Malaysian public continue to avoid tapping into digital financial services (DFS) due to several […]
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BNM
BNM: 25% Household Borrowers Have High Debt Service Ratio, But Default Risk Is Low
- 30th March 2023
Bank Negara Malaysia (BNM) said that up to 25% of household borrowers have a high debt service ratio […]
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BNM
AIBIM: BNM Standardises Housing Loan, Home Financing Agreement For Retail Borrowers
- 30th March 2023
The Association of Islamic Banking and Financial Institutions Malaysia (AIBIM) revealed that Bank Negara Malaysia (BNM) has introduced […]
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Islamic Credit Cards Switching to Tawarruq Contract
- 9th January 2026
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Islamic Credit Cards Switching to Tawarruq Contract
Farah Awanis
- 9th January 2026
Between October 2025 and January 2026, Islamic banks in Malaysia transitioned Islamic credit cards from Ujrah to Tawarruq contracts. This guide explains how Tawarruq works, why the industry made the switch, and what cardholders need to know now that all conversions are complete.