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Maybank To Enable Secure2u For Verification Of Maybank Card Online Transactions
- 27th March 2023
Maybank has announced that customers performing online purchases and transactions on their Maybank credit and debit cards will […]
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BNM: Malaysia Successfully Links Payment System With Singapore, Italy Via Project Nexus Prototype
- 24th March 2023
Bank Negara Malaysia (BNM) revealed that it has successfully linked Malaysia’s instant payment system with Singapore’s and the […]
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CIMB: SecureTAC Approval Required For FPX Transactions Above RM100
- 16th March 2023
CIMB Bank has announced that customers will be required to approve all FPX transactions above RM100 via SecureTAC […]
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BNM
Bank Negara Once Again Holds OPR Steady At 2.75%
- 9th March 2023
The Monetary Policy Committee (MPC) of Bank Negara Malaysia (BNM) has once again decided to maintain the country’s […]
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Key Highlights For SMEs And Businesses In Budget 2023
- 27th February 2023
Last Friday, Prime Minister Datuk Seri Anwar Ibrahim – who is also the Finance Minister – re-tabled the […]
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Budget 2023: Govt To Enact Consumer Credit Act To Oversee BNPL Services
- 24th February 2023
The government will proceed with the enactment of the Consumer Credit Act (CCA), as well as set up […]
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BNM: Study Terms And Conditions Of Shopee’s SLoan Facility Before Signing Up
- 21st February 2023
The public has been urged by Bank Negara Malaysia (BNM) to carefully study the terms and conditions of […]
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BNM
Economy Minister: Malaysia Can Become High-Income Nation By 2026 If Economic Growth Remains Above 4%
- 16th February 2023
Economy Minister Rafizi Ramli said that Malaysia will be able to become a high-income nation by 2026, provided […]
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BNM: Rural Residents, Micro-Entrepreneurs Encouraged To Adopt E-Payment Methods
- 14th February 2023
Bank Negara Malaysia (BNM) deputy governor Datuk Marzunisham Omar has urged residents in rural areas and micro-entrepreneurs to […]
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Economists: Longer Pause On OPR Hike Now Expected
- 14th February 2023
Several economists now say that Bank Negara Malaysia (BNM) is likely to hold the overnight policy rate (OPR) […]
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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.