Banking and Finance

BANKING AND FINANCE

OCBC Al-Amin launches OCBC 360 Account-I
OCBC Al-Amin Bank has launched OCBC 360 Account-i, a Shariah compliant version of OCBC Bank (Malaysia)’s high interest-bearing savings account, OCBC 360. The Islamic savings account is based on the...


Banking and Finance

BANKING AND FINANCE

ICD signs Murabahah agreement with Mizuho The Islamic Corporation for the Development of the Private Sector (ICD) has signed a two-year US$300 million Murabahah credit facility agreement with Mizuho Bank Malaysia. The agreement marks Mizuho’s...


Banking and Finance

BANKING AND FINANCE

MNRB discloses its debt financing plan The board of directors of MNRB Holdings (MNRB) has executed a RM320 million (US$72.01 million) revolving credit facility agreement with AmBank to refinance the company’s existing RM320 million borrowings...


Banking and Finance

Banking and Finance

Domestic banking system well buffered
The combined capital buffers of banks, insurers and Takaful operators stood at RM172.5 billion (US$38.71 billion), with a high level and quality of capitalization, according to Bank Negara Malaysia. The...