Day: July 22, 2021

FINANCIAL INCLUSION OF MALAYSIANS THROUGH DIGITAL FINANCIAL BANK (DFB)

Since 2000, we have seen the development our financial services industry over 20 years. New technologies have been introduced with the combination of IT capabilities and deregulation of internet services by the Central Bank of Malaysia (BNM). Now, we can see most of Malaysians using internet and mobile banking facilities for daily transaction. A report …

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Islamic Investing 2.0: The Way Forward

Traditional Islamic-compliant mutual funds have served Muslim investors well in the four decades since the first was launched in Malaysia. By fostering partnership in shared risk and reward (musharaka), and by allowing investors to diversify their assets while avoiding haram activities — typically alcohol, tobacco, gaming, financial services, pork processing, and pornography — these original funds pioneered …

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Impact of Fintech on Financial Industry (Part 3)

Fintech positive affected in traditional bank business model in ecosystem. Meanwhile Fintech evolutions significant positive affected the business development process in Malaysia. Although, there was growth trend of the e-money for last 10 years and increment on mobile account subscriptions but there was still slow on Fintech adoption in banking sector. Besides that, banking sector …

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Impact of Fintech on Financial Industry (Part 2)

In this new era of 2021, technology has become the most significant tools in our live. Financial Technology (Fintech) has played an important role for the region, country and globalization in financial market. Fintech referred to technology tools enabled to access financial services and products that provided multiple financial services with rapid and efficiency across …

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Impact of Fintech on Financial Industry (Part 1)

Digital payment as popular Fintech platform nowadays and the worldwide demand for e commerce in this connection has increased more than ever. Research showed that consumers seek for a faster, cost and time effective technology for their day to day personal financial transactions and digital payment was considered an effective supplement to this need. Eventually, …

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Comprehensive Financial Plan: Financial or Non-financial Consideration?

While financial consideration is the key aspect in financial plan especially during the computation, non-financial aspect always being neglected consider by many practitioner. In fact, one of the factors that lead to fail in providing a comprehensive financial plan is due to unable to take consideration of non-financial aspect. Thus, in the recent round table …

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Differences between Tangibles Goods and Intangibles (Financial) Services

First and foremost, services have been long seen as different from physical goods. Quite often, services are easy to identify but difficult to define. In the earliest literature, ‘a good’ refer to a noun, while ‘service’ refer to a verb. This means goods are things while services are acts. Service can be categories into three …

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