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BNM: Malaysia’s Monetary Policy To Remain Unaggressive Moving Forward
- 10th June 2022
Deputy governor of Bank Negara Malaysia (BNM), Datuk Abdul Rasheed Ghaffour has said that the central bank will […]
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Finance Minister: Ringgit Depreciation Caused By Temporary Factors, Currency Expected To Strengthen
- 30th May 2022
Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz has reassured the public that the ringgit’s current depreciation is […]
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Former BNM Deputy Governor: Currency Peg Could Push Malaysia Into Financial Crisis
- 24th May 2022
Former Bank Negara Malaysia (BNM) deputy governor, Dr Sukudhew (Sukhdave) Singh has come forward to caution that pegging […]
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BNM Says Ringgit Pegging Is Not In Malaysia’s Interest
- 18th May 2022
BNM governor said that pegging the ringgit to the US dollar will not benefit Malaysia as it will only expose the country to great risks.
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Economists Expect Another OPR Hike In Second Half Of 2022
- 12th May 2022
Several economists have predicted a further OPR increase, subject to the economic growth, inflationary rate, and macroeconomic conditions.
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BNM Raises OPR For The First Time Since July 2020, From 1.75% To 2.00%
- 11th May 2022
The Monetary Policy Committee (MPC) of Bank Negara Malaysia (BNM) has decided to increase the overnight policy rate […]
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Economists Expect BNM To Increase OPR As Early As This Month
- 6th May 2022
Several economists have predicted that BNM will soon raise the OPR in light of the improved economic conditions and inflationary pressures.
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FOMCA Urges BNM To Instruct Banks To Replenish Cash In ATMs
- 29th April 2022
FOMCA has urged BNM to instruct all banks to replenish cash in their ATMs as many of the machines are reportedly running out of cash.
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Maybank Keen To Contribute To Development Of CBDC
- 15th April 2022
Maybank has said that it is keen to play a major role in the development of central bank […]
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Malaysia’s Household Debt-To-GDP Ratio At End-2021 Improves From Record High 93.2% In 2020
- 31st March 2022
BNM reported that Malaysia’s household debt-to-Gross Domestic Product (GDP) ratio has settled at 89% as at December 2021.
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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.