All Articles With Category : Banking & Finance

The latest and the best financial news, tips and tricks.

RHB Launches Multi-Currency Debit Card Supporting 13 Foreign Currencies

KUALA LUMPUR: RHB Banking Group launched the country’s first multi-currency debit cards, which provide access to 13 foreign currencies alongside the ringgit. The cards come in the form of RHB Multi Currency Visa Debit Card and RHB Premier Multi Currency Visa Debit Card. The foreign currencies supported are: US dollar, Canadian dollar, euro, Japanese yen, […]

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Perbezaan Diantara Kadar Keuntungan dan Kadar Faedah

Adakah anda tahu perbezaan antara kewangan Islam dan kewangan konvensional? Beberapa kemungkinan menyatakan bahawa pinjaman Islamik melarang urus niaga yang berteraskan faedah. Ianya nampak seperti mudah untuk difahamkan tetapi sekiranya kadar faedah ini dilarang, bagaimana pula seseorang memperoleh keuntungan di awal pelaburan. Sebelum kita beralih ke topik seterusnya, mari kita fahami dahulu ringkasan sejarah berkenaan […]

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Difference Between CCRIS and CTOS Explained

Everytime you’ve applied for a financial product, you may have heard the terms CCRIS or CTOS thrown around, more so when you apply for loans. And if you’ve never quite understood what those terms mean or don’t know the difference between the two, we’ve simplified it for you here and listed why they are so […]

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Find Out What These Credit Reporting Agencies Say About Your Credit History

If you have ever applied for loans, you might have heard about this term that gives quite a headache to some people – “credit history”. The bigger the loan that you’re applying for, the stricter banks are going to be when they analyze your credit history. But what exactly is “credit history”?

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The Ultimate Guide To Credit Scores

Updated 31 March 2019 Credit History? Credit Report? Credit Score? What does it all mean? A credit history is a record of the credit accounts you hold along with details about those accounts including: the type of account, your responsibility on the account (e.g. whether you were a joint borrower), the credit limit or amount […]

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Maybank: Service Charge for Card & Loan Repayments begin 1 October 2019

Maybank has issued a notice stating that there will be service charges for credit card and loan or financing repayments that are done over-the-counter (OTC) starting 1st October 2019. There will be a fee of RM2 or RM0.50 for each transaction. For credit card and loan or financing repayments done over the counter at a […]

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Interest Rates: Nominal meets Real meets Effective

As we have already seen inflation can be a tricky monster. When looking at interest, there is a nominal interest rate and a real interest rate. And then, there is also the effective interest rate, at which we will have a closer look at.

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How Much Do You Know About Islamic Finance?

Islamic financing is on the rise, however what are the differences between Islamic financing models and conventional financing in Malaysia? Find out here!

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OPR Increase: What Does This Mean For Malaysians? [UPDATED]

Updated 11 July 2018. The Monetary Policy Committee (MPC) of Bank Negara Malaysia (BNM), at a meeting today, decided to maintain the Overnight Policy Rate (OPR) at 3.25 percent. 

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What Is Your Net Worth?

We are sure you have heard of the term ‘net worth’ at least once, especially when Forbes magazine announces their Richest List disclosing net worth of the world’s billionaires. The interesting thing is, regular people like you and I have net worth too! And you should know your net worth as it’s a snapshot of your financial […]

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Guide to Flat Rate Interest and Reducing Balance Rate

Updated 12 April 2018. We often stumble across the terms Flat Rate Interest and Reducing Balance Rate when applying for loans, but do you really understand the difference between the two types of interest? Do you know how to calculate them, or do you rely on your banker to do all the calculations for you?

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The Basic of Islamic Banking

Islamic banking which is also known as “Sharia compliant finance”, meaning banking activity that is consistent with the principles of Sharia- the moral code and religious law of Islam.

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UnionPay – The Leading Global Payment Network

  Most Malaysians are familiar with the terms “Visa’”, “Mastercard”, and ”Amex” whether they are a debit or credit cardholders. For those who haven’t heard of them, these are the payment technology companies that allow banks and merchants to transact through users (you and every other debit/credit cardholders).

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9 Platform Pembayaran Digital di Malaysia Perlu Anda Tahu

Perkembangan terkini menyaksikan Malaysia bakal menuju kerarah masyarakat tanpa tunai secara menyeluruh menjelang tahun 2050. Walaupun tarik itu masih 32 tahun lagi, platform pembayaran digital di Malaysia berkembang pesat bagai cendawan tumbuh selepas hujan.

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这9个电子钱包,你用过了吗?

马来西亚似乎正在迈向2050年成为一个无现金社会 (cashless society)。尽管距离还有32年的时间,但我们已经目睹了马来西亚数字支付平台的蓬勃发展。目前,已经实行着电子钱包的国家包括新加坡,荷兰和法国。在中国和印度这些国家也更是带领着全球迈向电子交易了。

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9 Digital Payments in Malaysia That You Need To Know About

It does seem that Malaysia is moving towards becoming a cashless society by 2050. Despite being 32 years away from that year, we are already witnessing the mushrooming of digital payment platforms in Malaysia.

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Alipay: the latest e-wallet to enter Malaysia [UPDATED]

*Updated on 5th September 2017 Another cashless online payment solution in the form of Alipay has landed in our country. Find out how it works and what it can offer Malaysians in this article.

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Get Red-Carpet Treatment with Premier Banking Privileges

We’ve all seen it. The exclusive Premier or Priority Banking lounge for the elite banking customers, credit cards that come in a sleek black colour or that are made of metal (check out OCBC’s Premier Voyage card), and the personalised service from banking staff and Relationship Managers (RM). Of course, we all want what we […]

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5 Ways to Improve Your Credit Score

Don’t limit your future by ignoring your credit score, here are tips you should follow to help you improve your credit score.

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The AmBank Group/RHB Banking Group Merger: How will it affect you?

As you might have heard, RHB Group and AmBank Banking Group are currently discussing a possible merger between the two banking groups. If successful, the new bank could become the fourth largest lender in Malaysia in terms of capital and the second largest in terms of branches. Although this is not unheard of, it might […]

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