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ABM: Banks To Implement BNM’s Five Measures On Financial Scams By June 2023
- 14th December 2022
The banking industry in Malaysia is expected to put into place all five additional safeguards that were listed […]
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BNM
GOPAY Approved By BNM As White-Label E-Wallet Service Provider
- 7th December 2022
Payment platform GOPAY announced that it has been approved by Bank Negara Malaysia (BNM) as a white-label e-wallet […]
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BNM
CIMB Makes SecureTAC Authorisation Mandatory For Online Transactions Of RM100 And Above
- 2nd December 2022
CIMB has announced that customers are soon required to approve all CIMB Clicks web transactions of RM100 and […]
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World Bank: Malaysia Doing Well In Developing Sustainable Finance
- 30th November 2022
The World Bank Group has remarked that Malaysia is doing better than other ASEAN countries in terms of […]
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BNM Issues Draft Framework For Digital Insurers, Takaful Operators
- 29th November 2022
Bank Negara Malaysia (BNM) has said that it is looking to award up to five licences to eligible […]
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TNG eWallet Set To Also Adopt BNM’s Additional Safeguards Against Financial Scams
- 15th November 2022
Touch ‘n Go (TNG) eWallet has announced today that it, too, will implement the five additional safeguards that […]
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BNM Officially Issues Commemorative Coins For KL’s Golden Jubilee Anniversary As A City
- 14th November 2022
Bank Negara Malaysia (BNM) has officially issued two commemorative coins in conjunction with Kuala Lumpur’s Golden Jubilee anniversary […]
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BNM, Four ASEAN Central Banks Sign Agreement To Advance Cross-Border Payment Connectivity
- 14th November 2022
Bank Negara Malaysia (BNM) has signed a memorandum of understanding (MoU) with the central banks of Indonesia, the […]
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Economists: More OPR Hikes Expected In 2023 To Tackle Core Inflation
- 7th November 2022
Several economists have commented that Bank Negara Malaysia (BNM) will likely continue to increase the overnight policy rate […]
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BNM
Malaysian Banks Adjust Base Rates, FD Rates To Reflect Latest OPR Hike
- 4th November 2022
(Updated on 14 November 2022.) As was announced yesterday, the Monetary Policy Committee (MPC) of Bank Negara Malaysia […]
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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.