bank

Bank Negara raises Interest Rates

Bank Negara has raised OPR (Overnight Policy Rate) by 25 basis points from the previous 3.00% to 3.25%. This move has been very much anticipated as Malaysia GDP growth accelerated to 6.2% as the first quarter of 2014. The Malaysian OPR rate has been stagnant since the May of 2011. So how does it impact…

bank muamalat

Bank Muamalat Personal Loan

Bank Muamalat Personal Financing-i is for public sector staffs in Malaysia. This loan provides from RM 5,000 up to RM 150,000 of loan. A borrower will have the option of 3 to maximum of 10 years repayment. There are 2 type of loans which is offered to Federal Government and Government link companies and State…

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Ambank Personal Loan For Public Sector

Ambank Personal Financing-i is a Shariah compliant personal loan that requires no collateral and guarantor. Personal Financing-i is based on Bai ‘ Inah islamic banking concept. As for public sector loan, Personal Financing feature a low 3.30% p.a flat rate loan, the effective rate of the loan would be 6.21% for 4 years while 6.95% for 10…

M_Id_415637_Fuel_prices

New Fuel subsidy scheme Malaysia 2014

Sin Chew daily has recently revealed a new form of fuel subsidy that has been planned for Malaysia that is set to start around September 2014. The new form of subsidy plan will effect commercial and non-commercial vehicle. This will indirectly influence the sale of fuel prices in Malaysia. Based on the daily, the new…

asb loan

ASB Loan introduction

History of ASB  AmanahSahamBumiputera(ASB) is an attractive unit trust fund for Malaysian Bumiputerasbetween the ages of 18 and 60 years old. ASB was launched by AmanahSahamNasionalBerhad (ASNB) on 2nd January 1990 for all Bumiputeras as an alternative savings vehicle for them. This will generate long term, consistent and competitive returns for investors. ASB was designed…