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Bank Negara Increases OPR From 2.50% To 2.75% In Final MPC Meeting Of 2022
- 3rd November 2022
In its final meeting for 2022, the Monetary Policy Committee (MPC) of Bank Negara Malaysia (BNM) has agreed […]
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BNM
Maybank Customers To Authorise DuitNow Transfers, Approve New Favourites With Secure2u
- 3rd November 2022
Maybank has announced that it will be discontinuing SMS TAC authorisation for all DuitNow transfers and approval of […]
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BNM
Banking Industry Launches National Scam Awareness Campaign
- 1st November 2022
The banking industry has launched the National Scam Awareness campaign (NSAC) to further continue its efforts in combatting […]
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BNM
BNM Launches e-Duit Campaign To Create Greater Awareness, Instil User Confidence In E-Payment
- 31st October 2022
Bank Negara Malaysia (BNM) has launched a new campaign called e-Duit, which seeks to encourage the adoption of […]
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BNM
RHB Aims To Launch Digital Bank By Second Half Of 2023
- 31st October 2022
RHB Bank has said that Malaysians can expect to see the launch of its digital bank by as […]
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BNM
IMF: BNM Acted Swiftly To Stem Inflation In Malaysia
- 31st October 2022
The International Monetary Fund (IMF) has commended Bank Negara Malaysia (BNM) for moving “quite fast” to stem inflation […]
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BNM
Citi To Transfer Ownership Of Consumer Banking Business To UOB On 1 November 2022
- 27th October 2022
Citi said that it has successfully obtained a vesting order from the High Court to transfer its consumer […]
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BNM
CIMB To Allow Only One Registered Device For Authentication From End-October 2022
- 25th October 2022
CIMB has said that it will begin implementing a security measure to allow only one registered device for […]
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BNM
Zurich: 30% Of Malaysians Aged Between 25 To 40 Years Old Without Personal Protection
- 20th October 2022
A survey by Zurich Malaysia has shown that 30% of working Malaysians in their prime financial planning age […]
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BNM
Economists: BNM Unlikely To Raise OPR Again Until Early 2023
- 20th October 2022
Several economists have weighed in to say that Bank Negara Malaysia (BNM) is unlikely to raise the overnight […]
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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.