INTERVIEW: Inside Malaysia's five-year insurance regulation framework

Speaking to Asia Insurance Review, Bank Negara Malaysia (BNM) assistant governor for financial development and innovation department Suhaimi Ali highlighted some of the main areas of development of the insurance and takaful sector.

12 Dec 2022

INTERVIEW: Dr Mohd Daud Bakar, recipient of The Royal Award for Islamic Finance 2022

24 Nov 2022

E-money: Toward promoting greater economic efficiency

In an effort to provide a robust financial system infrastructure, Bank Negara Malaysia (BNM) has established reliable, efficient and secure payment systems. Specifically, under the retail payment system, there are four designated payment instruments: (i) debit cards, (ii) credit cards, (iii) charge cards and (iv) e-money. 

25 Nov 2021

Digital banking to accelerate Malaysia’s financial inclusion agenda

Bank Negara Malaysia (BNM) had formulated a robust Financial Inclusion Framework under the Financial Sector Blueprint 2011–2020. Revisiting the framework in 2017, BNM embedded six new strategic plans into it (Figure 1). To accelerate the inclusivity agenda, BNM issued the Licensing Framework for Digital Banks (Licensing Framework) in December 2020.

25 Nov 2021

Why build a talent-centric economy to propel future Islamic finance growth?

The importance of talent management cannot be overemphasized since a nation’s success is measured by, among other things, its GDP per capita (or per person). GDP per capita is a crucial indicator of economic performance and a useful cross-country comparison of average living standards and economic well-being. The population denominator used in the metrics highlight the significance of a nation’s people in propelling its economy forward. 

19 Aug 2021

Value-based Intermediation Takaful Framework: A new game changer

According to the World Bank’s June 2021 Malaysia Economic Monitor report, the recent resurgence of the COVID-19 infections has impacted households, firms and the country’s overall economic recovery. To safeguard the people’s wellbeing, the World Bank proposed some pertinent reforms to address the rising risks, including deepening the social protection system and improving the coordination of targeted approaches and delivery of social protection programs.

19 Aug 2021

Toward a green economy: Mapping SDGs against Malaysia’s annual budget

Since the 11th Malaysia Plan (11MP, 2016–20), the nation’s economic development has been based on three main pillars: 1) a high-income economy,2) the promotion of inclusivity and 3)ensuring sustainability

16 Jun 2021

Malaysia’s inaugural US dollar sustainability Sukuk issue

On the 28th April 2021, Malaysia issued its first sustainability Islamic trust certificates, comprising an US$800 million 10-year tranche (Sustainability Sukuk) and a US$500 million 30-year tranche.

01 Jun 2021

Championing Malaysia Digital Leap with Islamic Finance

According to the Global Islamic Fintech Report 2021, the volume of total Islamic fintech transactions originating from the OIC amounted to US$49 billion in 2020.

19 Apr 2021