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BNM: 29 Applications Received For Digital Banking Licences
- 5th July 2021
Bank Negara Malaysia (BNM) revealed that it has received a total of 29 applications for its proposed digital […]
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PEMULIH Stimulus Package: Key Takeaways For MSMEs And Businesses
- 29th June 2021
Last night, Prime Minister Tan Sri Muhyiddin Yassin revealed yet another stimulus package in a bid to support […]
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Finance Minister: Right Time To Reintroduce Previous Initiatives Like i-Sinar, Automatic Moratorium
- 28th June 2021
Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz has commented that the time is now right for the […]
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UOB Kay Hian: New Digital Banks Will Complement The Role Of Traditional Banks
- 23rd June 2021
Research house and brokerage firm UOB Kay Hian has commented that the upcoming arrival of new digital banks […]
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Malaysia And Thailand Enable Cross-Border QR Payment Between Both Nations
- 21st June 2021
Merchants and consumers in Malaysia and Thailand will be able to make and receive instant cross-border QR code […]
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BNM: E-Money Liabilities Grow Significantly To RM1.6 Billion Over Past 5 Years
- 11th June 2021
Bank Negara Malaysia (BNM) has revealed that e-money liabilities have grown significantly from RM0.5 billion to RM1.6 billion […]
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Boost, RHB Team Up To Bid For Digital Banking Licence
- 3rd June 2021
Boost Holdings Sdn Bhd has partnered with RHB Banking Group to form a consortium in a bid to […]
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Pertama Digital Partners With Crowdo In Consortium To Bid For Digital Bank Licence
- 24th May 2021
Investment holding company Pertama Digital Bhd said that it will be partnering Indonesia’s Crowdo Holdings Pte Ltd as […]
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Jeram Assemblyman Offers Up To RM3,000 For A Specific RM1 Banknote
- 21st May 2021
Jeram assemblyman Mohd Shaid Rosli made waves on social media when he made a Facebook post offering up […]
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BNM: Blanket Automatic Loan Moratorium Is Unsuitable Response For MCO 3.0
- 12th May 2021
Bank Negara Malaysia (BNM) has commented that a blanket automatic loan moratorium is not an appropriate response to […]
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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.