News about Islamic

KUALA LUMPUR (May 5): Country View Bhd has accepted RM31 million in Islamic financing from AmBank Islamic Bhd (AmBank Islamic).

KUALA LUMPUR (May 1): Bank Negara Malaysia has issued an FAQ to respond to the public’s queries on the six-month moratorium granted on Hire-Purchase loans and fixed rate Islamic financing.

KUALA LUMPUR (March 25): Hong Leong Bank Bhd and Hong Leong Islamic Bank Bhd have offered their customers the option of converting their credit card balances into a three-year loan at an effective interest or profit rate of 13% per annum.

KUALA LUMPUR (March 25): AmBank Islamic Bhd and AMMB Holdings Bhd have joined with former relationship manager Joanna Yu Ging Ping to file a striking-out application of the suit filed against them by former premier Datuk Seri Najib Abdul Razak.

KUALA LUMPUR (March 24): The Malaysia-China Chamber of Commerce (MCCC) and Malaysian Islamic Chamber of Commerce (MICC) is asking the government to allow active contributors of the Employees Provident Fund (EPF) to withdraw their 11% contribution to the fund over the past six months.

KUALA LUMPUR (March 20): The Malaysia-China Chamber of Commerce (MCCC) and Malaysian Islamic Chamber of Commerce (MICC) have called for strict enforcement to make the country’s movement control order (MCO) work with the prescribed 14 days to curb the spread of the COVID-19 outbreak.

KUALA LUMPUR (March 6): CIMB Bank Bhd and CIMB Islamic Bank Bhd are reducing their base rate and fixed deposit rate/fixed return income account-i board rates by 25 basis points, in line with the overnight policy rate cut announced by Bank Negara Malaysia on Tuesday.

KUALA LUMPUR (March 4): RHB Banking Group is revising its base rate (BR) and base lending rate (BLR) downward by 25 basis points, in line with the reduction of the overnight policy rate as announced by Bank Negara Malaysia on Tuesday.

KUALA LUMPUR (Feb 13): The International Islamic University Malaysia (IIUM) (pictured) has cancelled classes for 10 days starting from today in light of the presence of COVID-19 in the country.

KUALA LUMPUR (Jan 23): CIMB Bank Bhd, together with CIMB Islamic Bank Bhd, is lowering its base rate and fixed deposit rates by 25 basis points, in line with Bank Negara Malaysia's key interest rate cut yesterday.