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Federal Ministries Now Accept E-Wallet Payments For Their Services
- 7th February 2022
The public will now be able to use e-wallets to pay for the services offered by federal ministries […]
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BNM
Malaysia, Indonesia Launch Cross-Border QR Payment Linkage
- 28th January 2022
Bank Negara Malaysia (BNM) has announced the launch of a cross-border QR payment linkage with Bank Indonesia (BI), […]
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BNM
Boost To Roll Out BNPL Solution, Mastercard Prepaid Card This Year
- 26th January 2022
Boost has shared its ambition to become a full-spectrum fintech player in the upcoming year, with various initiatives […]
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BNM Holds OPR Steady At 1.75% In First MPC Meeting Of 2022
- 20th January 2022
Bank Negara Malaysia (BNM) has announced that it will continue to hold the overnight policy rate (OPR) steady […]
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BNM: Banknotes Damaged By Flood? Exchange Them At Banks
- 7th January 2022
If you’ve been affected by the recent floods and find yourself weighed down with a fair amount of […]
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BNM Celebrates LFSA’s 25th Anniversary With Issuance Of Two Commemorative Coins
- 16th December 2021
Bank Negara Malaysia (BNM) has announced that it is issuing two commemorative coins in conjunction with the 25th […]
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Deputy Minister: BNM Not Aiming To Issue Central Bank Digital Currency Soon
- 16th December 2021
Deputy Finance Minister II, Yamani Hafez Musa said that Bank Negara Malaysia (BNM) is not looking to issue […]
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BNM And All Banks In Kuala Lumpur Will Open As Usual On 3 December 2021
- 2nd December 2021
Bank Negara Malaysia (BNM) has said that the central bank, along with all banks in Kuala Lumpur, will […]
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CTOS Receives BNM Approval To Have CCRIS Access Restored
- 18th November 2021
CTOS Data Systems Sdn Bhd (CTOS) has obtained permission from Bank Negara Malaysia (BNM) to restore its access […]
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BNM Aims To Pass Consumer Credit Act In 2022
- 15th November 2021
Bank Negara Malaysia (BNM) has revealed that it is looking to pass the Consumer Credit Act in 2022, […]
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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.