KUALA LUMPUR: The Association of Banks in Malaysia and the Association of Islamic Banking and Financial Institutions Malaysia have reaffirmed that they take the security of cardholders’ data seriously.
KUALA LUMPUR: Bank Negara Malaysia (BNM) has launched the Malaysia Islamic Overnight Rate (MYOR-i), the first transaction-based Islamic benchmark rate in the world.
The difference between this latest moratorium and the first one from March to September 2020 is that the new moratorium is on an opt-in basis whereby interested borrowers would have to apply for it – though the approval process is expected to be much simplified – and borrowers may have to sign revised terms to the loan agreement.
PETALING JAYA: The blanket six-month loan moratorium amid phase one of the National Recovery Plan is not expected to significantly dampen banks earnings.
The difference between this latest moratorium and the first one from March to September 2020 is that the new moratorium is on an opt-in basis whereby interested borrowers would have to apply for it – though the approval process is expected to be much simplified – and borrowers may have to sign revised terms to the loan agreement.