Malaysia to Adopt MYOR-i: A New Era for Islamic Finance by 2027
Bank Negara Malaysia (BNM) has announced that the Malaysia Islamic Overnight Rate (MYOR-i) will become the main Islamic benchmark rate starting 1 July 2027. This move marks a major milestone in Malaysia’s journey to strengthen Shariah-compliant finance and ensure greater transparency and fairness in the Islamic banking system. What Is MYOR-i? The MYOR-i (Malaysia Islamic […]
Islamic Banking Continues to Drive Malaysia’s Economic Growth
Malaysia’s Islamic banking sector remains a key engine of the country’s economic expansion, with total assets in the sector growing by 9.1% year-on-year. Strong Asset Growth and Sector Performance The strong jump in assets reflects not only confidence in Shariah-compliant financial services but also the growing role of the sector in funding real-economy activities, said […]