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Hong Leong Bank First To Enable Fully Digital Account Onboarding With Apply@HLB
- 9th October 2020
Hong Leong Bank (HLB) has become the first bank in the country to offer a fully digital onboarding […]
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BNM
Financial Education Network Launches Financial Literacy Month 2020
- 7th October 2020
The Financial Education Network (FEN) has launched the Financial Literacy Month (FLM) 2020 to provide a variety of […]
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LIAM: Medical Insurance Premiums Are Increasing At An Unsustainable Rate
- 2nd October 2020
The chief executive officer of the Life Insurance Association of Malaysia (LIAM), Mark O’Dell has noted that medical […]
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BNM: 98% Of 500,000 Applications For Post-Moratorium Assistance Approved
- 1st October 2020
Bank Negara Malaysia (BNM) revealed that as many as 500,000 applications for post-moratorium repayment assistance have been received […]
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BigPay Considers Options For Malaysian Digital Bank Licence, Expands To Singapore
- 30th September 2020
AirAsia-backed BigPay has revealed that it is considering different options to bid for a digital banking licence in […]
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MOF: OPR Cuts Have Boosted Malaysia’s Economic Recovery
- 17th September 2020
Deputy Finance Minister II Mohd Shahar Abdullah has noted that the reduction in the overnight policy rate (OPR) […]
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MOF: BNM Is Adopting A Balanced Approach In The Admission Of Digital Banks
- 14th September 2020
Deputy Finance Minister II, Mohd Shahar Abdullah, has emphasised that Bank Negara Malaysia (BNM) is adopting a balanced […]
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BNM Seeks Public’s Feedback On Targeted Repayment Assistance
- 11th September 2020
Bank Negara Malaysia (BNM) is conducting an online survey to get the public’s feedback on the targeted repayment […]
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Bank Negara Malaysia Maintains OPR At 1.75%
- 10th September 2020
The Monetary Policy Committee of Bank Negara Malaysia (BNM) has decided to maintain its overnight policy rate (OPR) […]
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BNM And Penang Government Host Event On Post-Moratorium Loan Repayment Assistance
- 10th September 2020
The Penang branch of Bank Negara Malaysia (BNM) has collaborated with the Penang state government to organise a […]
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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.