Islamic Banks Offer Financial Aid To Putra Heights Gas Pipeline Fire Victims

KUALA LUMPUR, April 2 (Bernama) -- Islamic banks in Malaysia are extending financial assistance to victims of the Putra Heights gas pipeline fire in Selangor.

Cautious Aidilfitri Spending Despite Stable Economy, Labour Market

PUTRAJAYA, March 30 (Bernama) -- Economic uncertainty is shaping Malaysians' spending habits this festive season, with consumers adopting a cautious approach despite stable economic conditions.

Japanese Companies Keen On Decarbonisation Projects In Malaysia

KUALA LUMPUR, March 30 (Bernama) -- Japanese companies are keen to participate in advanced sustainable development in Malaysia’s decarbonisation initiatives, said Japan External Trade Organisation (Jetro) Kuala Lumpur.

Consistent Savings Simplify Hajj Planning

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, March 28 (Bernama) -- The recent announcement of Lembaga Tabung Haji’s (TH) 2024 profit distribution has brought joy to depositors, especially with Hari Raya Aidilfitri approaching.

Fivecast AI-driven Platform To Revolutionise Financial Crime Compliance

KUALA LUMPUR, March 26 (Bernama) -- Fivecast has launched its cutting-edge, artificial intelligence (AI)-driven digital intelligence platform designed to transform the financial crime compliance market for financial institutions.

Islamic Financing To Maintain 8.0 Pct Growth In 2025 – RAM Ratings

KUALA LUMPUR, March 26 (Bernama) -- RAM Rating Services Bhd (RAM Ratings) expects Islamic financing to expand at a steady eight per cent growth rate in 2025 despite global challenges and uncertainties.

Public Bank Extends Loan Repayment Relief To Customers Affected By Johor Floods

KUALA LUMPUR, March 25 (Bernama) -- Public Bank and Public Islamic Bank are extending repayment relief to their loan and financing customers affected by the recent floods in Johor.

BNM's International Reserves Ease To US$118.0 Bln As At March 14, 2025

KUALA LUMPUR, March 24 (Bernama) -- Malaysia’s international reserves eased to US$118.0 billion as at March 14, 2025, from US$118.3 billion on Feb 28, 2025, according to Bank Negara Malaysia (BNM).

Sri Sukuk Issuances Rise Ninefold To RM11.9 Bln In 2024

KUALA LUMPUR, March 24 (Bernama) – Malaysia saw a significant rise in sustainable and responsible investment (SRI) sukuk issuances last year, reaching RM11.9 billion — an almost ninefold increase since its introduction in 2017— thanks to a supportive regulatory framework.

Development Financial Institutions' Higher Approval Boosts Over 14,000 Businesses

KUALA LUMPUR, March 24 (Bernama) -- More than 14,000 small and medium enterprises (SMEs), microenterprises, start-ups, and the low-income group grew in line with higher approval rates under development financial institutions (DFI) financing in 2024, said Bank Negara Malaysia (BNM) today. 

BNM Assets Drop To RM621.54 Bln In 2024, Dividend To Govt Totals RM5.25 Bln

KUALA LUMPUR, March 24 (Bernama) – Bank Negara Malaysia’s (BNM) total assets as at Dec 31, 2024 decreased 1.61 per cent to RM621.54 billion from RM631.74 billion in the previous year, with international reserves continuing to account for the bulk of assets at 84 per cent (2023: 82 per cent).

BNM: Islamic Finance Expands To RM1.13 Bln In 2024, Takaful Growth Moderates On Rising Costs

KUALA LUMPUR, March 24 (Bernama) – The Islamic banking and takaful industries continued to record positive growth in 2024, with the Islamic banking industry’s share of total financing in the financial system increasing to 46.6 per cent last year from 45.6 per cent in 2023.