Asset Distribution

Unique to Malaysia, the settlement of large-value payments within the Islamic banking sector is conducted via a separate system of Islamic current accounts maintained at Bank Negara Malaysia. This separation ensures a clear segregation of funds between conventional and Islamic banking at the settlement level to ensure compliance from the Shariah perspective. Nonetheless, liquidity in …

Monetary Operations Islamic Money Market Operations Read More »

n a 2019 Insurtech report by KPMG, the insurance industry is on the brink of a major revolution as adoption of insurtech enters a new phase. Data and technology have been the driving force for innovations in the industry, coupled with changes in consumers’ lifestyles and behaviour. Insurtechs and technology start-ups continue to redefine customer …

The Rise of On-Demand Insurance Read More »

The government announced in Budget 2021 that from January 2021 to December 2021, employees must contribute 9% of their monthly salary to EPF instead of the usual 11%, for employees below 60 years old. The option to lower EPF contributions from 11% was mainly given to help workers have more take-home pay if they had …

Changing Your EPF Contribution: How Does It Affect You? Read More »