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BNM
FOMCA Urges Policyholders To Report Hike In Premium For Medical Insurance Policies
- 11th May 2021
The Federation of Malaysian Consumers Associations (FOMCA) has urged medical insurance policyholders to lodge a report with the […]
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BNM
Police Urge Public To Beware Of Fake MyBNM App
- 11th May 2021
The police have warned the public to be aware of a fake MyBNM app that is being used […]
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BNM
PruBSN Rolls Out New Affordable Protection Plan, BSN Takaful Sakinah
- 11th May 2021
Prudential BSN Takaful Bhd (PruBSN) has launched BSN Takaful Sakinah, a new affordable and accessible protection plan that […]
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Bank Negara Malaysia Maintains OPR At 1.75%
- 6th May 2021
The Monetary Policy Committee (MPC) of Bank Negara Malaysia (BNM) has decided to maintain the country’s overnight policy […]
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MyMy Receives Conditional Approval From BNM, Expects To Launch E-Wallet Soon
- 26th April 2021
The Malaysian public can soon expect to see another new e-wallet player in the market as MyMy Payments […]
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Economists: Malaysia’s Banking Sector To Remain Sound Despite Citi’s Exit
- 19th April 2021
Several economists have commented that the Malaysian banking industry will likely remain sound and robust despite Citigroup’s (Citi) […]
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BNM: EPF i-Sinar Withdrawals Boost Local Economy
- 2nd April 2021
Bank Negara Malaysia (BNM) deputy governor Datuk Abdul Rasheed Ghaffour said that the withdrawals under the Employees Provident […]
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Bank Negara Has No Immediate Plans To Issue Central Bank Digital Currency
- 1st April 2021
Bank Negara Malaysia (BNM) has stated that it has no immediate plans to issue a Central Bank Digital […]
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BNM Stress Tests Affirm The Resilience Of Malaysia’s Financial Institutions
- 1st April 2021
Stress tests from Bank Negara Malaysia (BNM) have indicated that the country’s financial institutions are able to continue […]
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BNM: 2020 Recorded Biggest Increase In Cash Circulation In 10 Years
- 1st April 2021
Bank Negara Malaysia (BNM) has noted that cash still ranks significantly in importance among the Malaysian public, as […]
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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.