Perbadanan Insurance Deposit Malaysia (PIDM) as known within Malaysia, is a government agency or lawful body that is created under the Malaysia Deposit Insurance Corporation Act (MDIC act) in 2005. Around the globe, PIDM is also known as Malaysia Deposit Insurance Corporation (MDIC). When PIDM was established in 2005, the main purpose was to regulate […]
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Background Al Rajhi Bank is one of the world largest Islamic bank from Saudi Arabia. This bank reached Malaysian shore on 2006 as part of it’s internationalization effort. Al Rajhi Personal Financing-i is an unsecured personal loan where no guarantor and collateral is needed which is 100% Shariah compliant. Al Rajhi’s personal loan is based […]
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Sometime early this year, Base Rate (BR) was implemented to replace the previous Base Lending Rate (BLR) system. Under the Base Rate system, this rate will be the main reference rate for new retail floating rate loans. Banks in Malaysia can also determine their interest rate based on a formula that was set by the […]
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