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Q3 2020: Malaysian Economy Records -2.7% GDP Vs -17.1% In Q2
- 13th November 2020
Malaysia’s economy has improved to record a small contraction of -2.7% in the third quarter of 2020, a […]
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Government To Consider Loan Moratorium Extension
- 5th November 2020
Prime Minister Tan Sri Muhyiddin Yassin said that the government has approached Bank Negara Malaysia (BNM) and the […]
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Economists Predict BNM Likely To Withhold From Further OPR Cuts Until End Of 2021
- 4th November 2020
Bank Negara Malaysia (BNM) will likely refrain from further reducing the overnight policy rate (OPR) throughout 2021, said […]
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OPR Maintained At 1.75%, No Change By Bank Negara Malaysia
- 3rd November 2020
The Monetary Policy Committee of Bank Negara Malaysia (BNM) has once again decided to maintain its overnight policy […]
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Deputy Finance Minister II: Covid-19 Emphasises The Importance Of Financial Literacy
- 27th October 2020
Deputy Finance Minister II, Mohd Shahar Abdullah has commented that the assimilation of financial literacy elements in lifestyle […]
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BNM: Borrowers Affected By Movement Curbs Can Still Seek Help From Banks
- 23rd October 2020
Bank Negara Malaysia (BNM) has reassured borrowers, especially those affected by the movement curbs due to the rising […]
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Targeted Repayment Assistance: 40% Of Recipients Granted Moratorium Extension
- 19th October 2020
Bank Negara Malaysia (BNM) has revealed that 40% of approved targeted repayment assistance recipients were granted a moratorium […]
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ABM, AIBIM: Banks Ready To Aid Customers In CMCO And EMCO Areas
- 13th October 2020
Banking customers in areas that are under conditional MCO (CMCO) or enhanced MCO (EMCO) can approach their banking […]
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FOMCA: Most Insurance Policyholders Do Not Fully Understand Their Policies
- 12th October 2020
A survey by the Federation of Malaysian Consumers Associations (FOMCA) has revealed that a majority of insurance policyholders […]
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#SaveMoneyWithHann: Saving Smart While Interest Rates (and OPR) Are Low
- 9th October 2020
It’s been a while since I’ve posted, but it’s been a busy time here at RinggitPlus. We’ve got […]
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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.