AEON Bank and foodpanda Malaysia Join Forces to Empower Gig Economy and Boost Digital Banking Adoption
AEON Bank (M) Berhad, Malaysia’s first Islamic digital bank, has partnered with foodpanda Malaysia to drive digital banking among riders, merchants, and customers through innovative fintech solutions. The partnership aims to enhance financial inclusion, support gig workers, and accelerate business growth across the country’s booming food and grocery delivery ecosystem. MALAYSIA, 5 AUGUST 2025 – AEON Bank (M) Berhad, Malaysia’s...
Bank Islam Appoints Siti Nur Huda Sufian as Group Chief Financial Officer, Effective 1 August 2025
Bank Islam has announced the appointment of Siti Nur Huda Sufian as its new Group Chief Financial Officer, succeeding Azizan Abd Aziz. With close to 20 years of experience in finance and banking, Siti Nur Huda brings deep expertise and leadership to the role. MALAYSIA, 1 AUGUST 2025 – Bank Islam Malaysia Berhad (Bank Islam) has appointed Siti Nur Huda Sufian as its new Group Chief Financial Officer (GCFO), effective 1 August...
Bank Islam and Opus Asset Management Forge Strategic Alliance to Expand Shariah-Compliant Investment Access
Bank Islam Malaysia Berhad and Opus Asset Management have signed a strategic MoU to broaden access to Shariah-compliant fixed income solutions, aiming to provide clients with secure and ethical investment options. The collaboration enhances wealth management offerings while reinforcing commitments to responsible investing. MALAYSIA, 23 JULY 2025 – In a move to enhance ethical investment offerings in Malaysia, Bank Islam Malaysia...
Bank Islam Lowers Financing Rates Following OPR Cut to Support Economic Resilience
Bank Islam Malaysia Berhad has announced a 25-basis-point reduction in its SBR, BR, and BFR, aligning with Bank Negara Malaysia’s latest Overnight Policy Rate (OPR) cut. The move is expected to provide financial relief to borrowers and boost financial inclusion through the bank’s digital platforms. MALAYSIA, 10 JULY 2025 – Bank Islam Malaysia Berhad (Bank Islam) has announced the revision of its Standardised Base Rate (SBR),...
Bank Islam Warns Public of Rising Scam Tactics Impersonating Al-Awfar and BIMB Mobile App
Bank Islam Malaysia Berhad urges the public to be vigilant against fraudulent messages and fake platforms impersonating its Al-Awfar campaign and mobile banking services. The Bank reiterates that all official communication and transactions must only be conducted through its verified channels. MALAYSIA, 19 JUNE 2025 – Bank Islam Malaysia Berhad (Bank Islam) has issued a public advisory warning against the rise in scam attempts...
Bank Islam Launches Cashback Campaign for Cashless Travelers This Festive Season
Bank Islam has partnered with PayNet and PLUS Malaysia to launch a cashback campaign rewarding cashless debit card users at highway R&Rs during the festive season. The initiative promotes digital payments and supports Malaysia’s shift toward a cashless economy. MALAYSIA, 23 MAY 2025 – Bank Islam Malaysia Berhad, in collaboration with Payments Network Malaysia Sdn Bhd (PayNet) and PLUS Malaysia Berhad (PLUS), has unveiled the...
Asia’s Fintech Future: Regulators Unite at Money20/20 Asia to Drive Regional Cooperation
Money20/20 Asia hosted a high-level closed-door roundtable in Bangkok, uniting regulators from across Asia to chart a path for fintech collaboration, data harmonisation, and consumer protection. The forum emphasized a step-by-step strategy for regional cooperation to unlock the full potential of open finance. THAILAND, 23 APRIL 2025 – A landmark gathering of regulatory leaders from across Asia took place yesterday at Money20/20...
Malaysia and Thailand Join Forces to Combat Cybercrime in Financial Sector
Bank Negara Malaysia and the Bank of Thailand have signed a landmark MoU to boost cooperation in cybersecurity and digital fraud prevention. The pact aims to enhance information sharing, capacity building, and joint defences against rising cyber threats in the financial industry. MALAYSIA, 10 APRIL 2025 – The agreement, signed today by BNM Governor Dato’ Seri Abdul Rasheed Ghaffour and BOT Governor H.E. Dr. Sethaput...
Cambodia Joins ASEAN’s Regional Payment Connectivity to Boost Cross-Border Transactions
The National Bank of Cambodia has officially joined ASEAN’s Regional Payment Connectivity (RPC) initiative, becoming the ninth central bank in the region to do so. This move marks a significant step toward seamless cross-border transactions and deeper financial integration in Southeast Asia. MALAYSIA, 9 APRIL 2025 – The National Bank of Cambodia (NBC) has formally joined the Regional Payment Connectivity (RPC) initiative,...
Bank Islam Redefines Digital Banking with Launch of BIMB Mobile and Web Platforms
Bank Islam Malaysia Berhad has launched its new BIMB Mobile and BIMB Web platforms, offering customers enhanced digital banking experiences with modern features, improved security, and a user-friendly design. This innovation aligns with the bank’s commitment to scalable, future-ready solutions that redefine branchless banking. 25 November 2024 – Bank Islam Malaysia Berhad (Bank Islam) has launched two state-of-the-art digital...
Project Mandala: BIS and Central Banks Lead a Compliance-By-Design Revolution in Cross-Border Payments
Project Mandala, led by BIS and central banks from Australia, Korea, Malaysia, and Singapore, successfully demonstrates a compliance-by-design system for cross-border payments, streamlining compliance and enhancing transaction efficiency. The project integrates with both digital and legacy financial systems, paving the way for the future of global financial regulation. 29 October 2024 – The Bank for International Settlements...
Inclusive Financial Literacy Takes Center Stage at NFLS 2024
The National Financial Literacy Symposium 2024 emphasized the importance of inclusive financial education for vulnerable communities, with a focus on empowering low-income groups, women, and gig workers. The event featured 42 research submissions, with discussions highlighting the role of financial literacy in improving economic stability and reducing poverty. 7 October 2024 – The National Financial Literacy Symposium 2024 (NFLS...
BNM Fines Agrobank RM660,000 for Lapses in Sanctions Screening Compliance
Bank Negara Malaysia imposed a RM660,000 penalty on Agrobank for lapses in its sanctions screening processes, exposing the bank to potential terrorism financing risks. Agrobank has since taken corrective actions, and BNM will continue to oversee its compliance efforts. 2 October 2024 – On 3 September 2024, Bank Negara Malaysia (BNM) imposed an Administrative Monetary Penalty (AMP) of RM660,000 on Bank Pertanian Malaysia Berhad...
BNM and Bank Indonesia Renew RM24 Billion Bilateral Currency Swap to Strengthen Economic Collaboration
Bank Negara Malaysia and Bank Indonesia renewed their Local Currency Bilateral Swap Agreement, extending the RM24 billion/IDR 82 trillion exchange arrangement for five years to strengthen economic ties and promote local currency use in trade. The renewal highlights the ongoing cooperation between the two central banks. 27 September 2024 – Today, Bank Negara Malaysia (BNM) and Bank Indonesia (BI) held a high-level bilateral...
London Hosts MIFC-UK Forum to Drive Green Investments and Islamic Finance Solutions
The MIFC-UK Business Forum in London brought together Malaysian and UK financial stakeholders to explore the role of Islamic finance in green investments and cross-border partnerships. Key discussions focused on leveraging Islamic finance for sustainability, with both nations committed to advancing their economic and environmental goals. 11 September 2024 – Today, London was the venue for the MIFC-UK Business Forum, a pivotal...
BNM Launches National Fraud Platform to Bolster Scam Response and Financial Security in Malaysia
Bank Negara Malaysia, in collaboration with PayNet and financial institutions, launched the National Fraud Platform to enhance scam prevention and recovery efforts by the National Scam Response Centre. The platform automates fraud management, promotes industry-wide collaboration, and supports BNM’s broader anti-scam strategies. 21 August 2024 – Bank Negara Malaysia (BNM), in collaboration with Payments Network Malaysia...
Bank Islam and Mastercard Launch Malaysia’s First Islamic Pay with Rewards Program
Bank Islam has partnered with Mastercard to launch Malaysia’s first Islamic Pay with Rewards program, allowing cardholders to redeem points for purchases globally. The program is accompanied by a promotional campaign offering various rewards, including TruPoints, gadgets, and a trip to Istanbul. 14 August 2024 – Bank Islam Malaysia Berhad, the nation’s leading Islamic bank, has partnered with Mastercard to introduce the Bank...
BNM Fines Maybank RM4.32 Million for Non-Compliance in Technology Risk Management
Bank Negara Malaysia imposed a RM4.32 million penalty on Maybank for failing to comply with technology risk management regulations, resulting in multiple service disruptions. Maybank has since taken steps to address the issues and prevent future non-compliance. 14 August 2024 – Bank Negara Malaysia (BNM) levied an Administrative Monetary Penalty (AMP) of RM4.32 million on Malayan Banking Berhad and Maybank Islamic Berhad,...
BNM Sasana Symposium 2024: Charting Malaysia’s Course for Growth and Resilience
Bank Negara Malaysia hosted the Sasana Symposium 2024, emphasizing collaboration for implementing structural reforms for a more resilient and prosperous Malaysia. The conference featured discussions, exhibitions, and success stories highlighting the importance of collective action and financial inclusion.pen_spark 12 June 2024 – Bank Negara Malaysia (BNM) hosted its annual Sasana Symposium, emphasizing the importance of...
Global Forum on Islamic Economics and Finance Inaugurated in Kuala Lumpur to Foster Global Prosperity
The Global Forum on Islamic Economics and Finance convenes in Kuala Lumpur, aiming to leverage Islamic economics and finance to foster shared prosperity and equity. Pioneering initiatives showcased include MLC Impact Projects, Memorandums of Collaboration, and a pilot programme on Greening Halal Businesses, highlighting Malaysia’s commitment to innovative solutions in Islamic finance. 28 May 2024 – The Global Forum on Islamic...
