BNM To Issue Policy Document To Broaden Takaful Industry

KUALA LUMPUR, Oct 30 (Bernama) -- Bank Negara Malaysia (BNM) plans to issue a policy document on the broader application of ta`awun (mutual assistance) in takaful by the end of this year, outlining shariah and regulatory requirements to unlock the full potential of the industry in fostering financial resilience and inclusion.

BNM Explores Tokenisation, Welcomes Feedback

KUALA LUMPUR, Oct 30 (Bernama) -- Bank Negara Malaysia (BNM) supports a collaborative approach to exploring tokenisation to co-create a safe and sustainable roadmap for the development of tokenised financial services in Malaysia.

BNM Says Consultation, Agreement With US Treasury In Line With Existing Practice

KUALA LUMPUR, Oct 29 (Bernama) -- Bank Negara Malaysia (BNM) has said its close consultation and agreement with the US Treasury reflect existing practices and “do not in any way affect the ability to independently formulate monetary policy, or our ability to safeguard the stability and value of the ringgit.”

BNM, US Treasury To Continue Close Consultations On Macroeconomic, FX Matters

KUALA LUMPUR, Oct 28 (Bernama) -- Bank Negara Malaysia (BNM) and the United States (US) Department of the Treasury have agreed to continue close consultations on macroeconomic and foreign exchange (FX) matters.

Ringgit Opens Higher Against Greenback Ahead Of FOMC Meeting

KUALA LUMPUR, Oct 27 (Bernama) -- The ringgit opened higher against the US dollar on Monday amid investors’ caution ahead of the Federal Open Market Committee (FOMC) meeting scheduled on Oct 28-29, an analyst said.

BNM’s International Reserves At US$123.4 Bln As At Oct 15

KUALA LUMPUR, Oct 23 (Bernama) -- The international reserves of Bank Negara Malaysia’s (BNM) amounted to US$123.4 billion as at Oct 15, 2025, compared to US$123.6 billion as at Sept 30, 2025.

BNM Expected To Complete Domestic Wholesale CBDC Proof-of-Concept By Year-End -- MOF

KUALA LUMPUR, Oct 22 (Bernama) -- Bank Negara Malaysia (BNM) is expected to complete its proof-of-concept for a domestic wholesale central bank digital currency (CBDC) by the end of this year.

BNM Boosts Transparency, Requires Banks To Issue Written Notices To Accounts Closed Under AMLA -- MOF

KUALA LUMPUR, Oct 22 (Bernama) -- Bank Negara Malaysia (BNM) has strengthened transparency in the handling of appeals of closed bank accounts by requiring financial institutions to issue written notices to affected account holders, said the Finance Ministry.

BNM Remains Optimistic On Ringgit's Outlook Supported By Strong Economy - Governor 

By Karina Imran

KUALA LUMPUR, Oct 15 (Bernama) -- Bank Negara Malaysia (BNM) remains optimistic about the trajectory of the ringgit, underpinned by Malaysia’s strong economic fundamentals and structural reforms.

Takaful Industry Unites To Expand iTEKAD Protection Under Budget 2025

KUALA LUMPUR, Oct 14 (Bernama) -- Malaysia’s Takaful industry has united to provide iTEKAD protection to vulnerable communities, marking a significant milestone in the nation’s social finance journey and reinforcing its leadership in Islamic finance.

Ringgit Opens Higher Vs Greenback, Other Currencies On Improved Local Sentiment

KUALA LUMPUR, Oct 14 (Bernama) -- The ringgit opened higher against the US dollar on improved local market sentiment, supported by positive remarks from Bank Negara Malaysia (BNM) and expectations of a shift in US Federal Reserve policy, analysts said.

Bank Negara Malaysia To Adopt MYOR-i As Mandatory Islamic Benchmark Rate From July 2027

KUALA LUMPUR, Oct 13 (Bernama) -- Bank Negara Malaysia (BNM) will adopt the Malaysian Islamic Overnight Rate (MYOR-i) as the mandatory reference rate for all Islamic financial products beginning July 1, 2027, marking a major structural reform in the country’s Islamic finance landscape.