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Compounding Interest
BNM’s Shariah Advisory Council Declares No Compounding Profit For Islamic Financing Under R&R
The Shariah Advisory Council (SAC) under Bank Negara Malaysia (BNM) has officially made a ruling regarding the treatment […]
Compounding Interest
Finance Minister: AKPK To Develop Temporary Assistance Programme For Financially Struggling Malaysians
The Credit Counselling and Debt Management Agency (AKPK) will set up a temporary assistance programme to help Malaysians […]
Compounding Interest
Banks Submit Counter Proposal To Government’s Interest Waiver Directive On Moratorium
Malaysian banks have drafted a counter proposal in response to an earlier directive made by the government to […]
Compounding Interest
MOF: Banks To Work On Waiving Interest For Selected Recipients Of Loan Moratorium
The Ministry of Finance (MOF) has directed banks to begin working on waiving the interest fee for selected […]
Compounding Interest
Finance Minister: Banks To Waive Compounded Interest, Penalty Charges For PEMULIH Moratorium
Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz has clarified that banks will waive both the compounded interest […]
Compounding Interest
Citi Malaysia Offers Automatic Moratorium With No Compounded Interest
Citi Malaysia has announced that it will be waiving the compounded interest for conventional loans during the upcoming […]
Compounding Interest
More Banks Offer Non-Compounding Interest On Loans During Moratorium
More banks have come forward to say that they will not be charging compounding interest on their loans […]
Compounding Interest
Alliance Bank Is The Latest Bank To Announce No Compound Interest On Loans For Moratorium
Alliance Bank has announced that interest on its conventional loans for individual and SME customers will not be […]
Compounding Interest
Maybank: No Compounding Interest For Individual, SME, And Corporate Loans During Moratorium
Maybank has also decided that it will not be compounding interest for loans during the moratorium period. All […]
Compounding Interest
RHB Will Also Not Charge Compound Interest During The 6-Month Moratorium
RHB Banking Group (RHB) has announced that it will not be compounding interest during the 6-month moratorium laid […]
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Finance Minister: Banks To Waive Compounded Interest, Penalty Charges For PEMULIH Moratorium
Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz has clarified that banks will waive both the compounded interest […]
BNM’s Shariah Advisory Council Declares No Compounding Profit For Islamic Financing Under R&R
The Shariah Advisory Council (SAC) under Bank Negara Malaysia (BNM) has officially made a ruling regarding the treatment […]
Finance Minister: AKPK To Develop Temporary Assistance Programme For Financially Struggling Malaysians
The Credit Counselling and Debt Management Agency (AKPK) will set up a temporary assistance programme to help Malaysians […]
HSBC Malaysia Will Not Be Compounding Interest On Loans During Moratorium Period
HSBC Malaysia has announced that it will not be compounding the interest charged for its loans during the […]