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BNM Instructs CIMB & Maybank To Explain Recent Service Outages
- 12th April 2024
Bank Negara Malaysia (BNM) has instructed both CIMB and Maybank to explain the recent outage in banking services […]
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Google Disables Immediate Access To Currency Conversion Widget For Ringgit
- 22nd March 2024
Google appears to have disabled immediate access to its currency conversion widget when you try to check for […]
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PolicyStreet Introduces Personal Accident Microtakaful With Loan Protection Feature, DirectCare+
- 12th March 2024
Insurtech company PolicyStreet has collaborated with digital lending marketplace Direct Lending to roll out a new product called […]
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BNM Keeps OPR At 3% In March 2024 MPC Meeting
- 7th March 2024
The Monetary Policy Committee (MPC) of Bank Negara Malaysia (BNM) has decided to continue maintaining the overnight policy […]
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BNM, National Bank Of Cambodia Collaborate To Drive Financial Innovation
- 28th February 2024
Bank Negara Malaysia (BNM) has signed a memorandum of understanding (MoU) with the National Bank of Cambodia (NBC) […]
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BNM Maintains That Ringgit Is Undervalued
- 27th February 2024
Bank Negara Malaysia (BNM) has maintained that the local currency is currently undervalued. This comes after the ringgit […]
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5 Responsible Ways To Use Your Ang Pow Money This CNY
- 14th February 2024
As tempting as it sounds, try not to spend all your ang pow money away this Chinese New Year. Here are some ways you can make use of your ang pow responsibly instead.
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Fewer New Banknotes Available For CNY 2024?
- 30th January 2024
The Association of Banks in Malaysia (ABM) has urged the Chinese community to switch to e-angpow this coming […]
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Bank Negara Maintains OPR At 3.00% In First 2024 MPC Meeting
- 24th January 2024
The Monetary Policy Committee (MPC) of Bank Negara Malaysia (BNM) has decided to maintain the overnight policy rate […]
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Bursa Malaysia Selloff: Selected Stocks Continue To Exhibit Volatility
- 22nd January 2024
Several stocks on Bursa Malaysia continued to exhibit volatile price movements today, with two counters – Rapid Synergy […]
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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.