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Zurich Takaful Rolls Out Customisable Family Coverage In Respond To Declining Savings Trend
- 11th June 2025
Zurich Takaful Malaysia Berhad has announced the launch of Takaful ProAspire, a family Takaful plan designed to support […]
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BNM
MP Calls For 60-Day Grace Period Extension On Medical Insurance
- 10th June 2025
Bayan Baru MP Sim Tze Tzin has called on major insurance providers to extend the current reinstatement application […]
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BNM
Bank Negara Fines Four Lenders Nearly RM5 Million For Regulatory Breaches
- 28th May 2025
Malaysia’s central bank has levied penalties amounting to nearly RM5 million against four financial institutions for breaching regulations […]
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BNM Expected To Cut Interest Rates In 2H25 Amid Slowing Growth And Tariff Pressures
- 19th May 2025
Investment banks are anticipating that Bank Negara Malaysia (BNM) will reduce the Overnight Policy Rate (OPR) by 25 […]
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BNM
Malaysia’s Economy Grows 4.4% In Q1 2025, Driven By Domestic Demand
- 16th May 2025
Malaysia’s economy expanded by 4.4% in the first quarter of 2025, supported by resilient domestic demand, strong household […]
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Bank Negara Maintains OPR At 3%
- 8th May 2025
Bank Negara Malaysia (BNM) has maintained the Overnight Policy Rate (OPR) at 3% following a meeting of its […]
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BNM
Cross-Border QR Payment Linkage Between Malaysia and Cambodia Expanded
- 15th April 2025
Maybank customers travelling to Cambodia can now make KHQR retail payments using the MAE App, with a low […]
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BNM
Malaysia’s Insurance And Takaful Sector Sees Profit Dip Amid Weaker Investments, Rising Medical Claims
- 24th March 2025
The overall profitability of Malaysia’s insurance and takaful sector declined in the second half of 2024, as weaker […]
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Structural Reforms Vital For Malaysia’s High-Income Ambitions Amid Global Uncertainty
- 24th March 2025
Malaysia must continue advancing long-term structural reforms to realise its aspiration of high-income nation status, even as near-term […]
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BNM Sees Strong Interest In Digital Insurer And Takaful Licences
- 11th March 2025
Bank Negara Malaysia (BNM) has reported strong interest from various parties in submitting applications for Digital Insurers and […]
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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.