Archive
Is BNPL Shariah Compliant in Malaysia?
The Shariah Advisory Council (SAC) of Bank Negara Malaysia has taken significant strides in marrying the convenience of modern financial mechanisms like Buy Now Pay Later (BNPL) facilities with the rigorous principles of Shariah law. Through its comprehensive deliberations during
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Principal Malaysia Taps AWS for Major Cloud Transition
Principal Malaysia, a joint venture between the Principal Financial Group (PFG) and CIMB Group Holdings, has announced its decision to adopt Amazon Web Services (AWS) as its primary cloud provider. This move is part of Principal’s strategy to advance its
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Ethereum Staking Now Available on Luno for Malaysian Users
Luno, a regulated digital asset exchange in Malaysia, has recently introduced Ethereum (ETH) staking, offering an opportunity for customers to earn ETH rewards on a weekly basis. This initiative positions Luno as the first regulated exchange in the country to
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BNM and CyberSecurity Malaysia Sign MoU to Bolster Cyber Resilience in Financial Sector
Bank Negara Malaysia (BNM) and CyberSecurity Malaysia have formalised a Memorandum of Understanding (MoU) aimed at reinforcing cybersecurity in Malaysia’s financial sector. This collaborative effort aims to develop and implement comprehensive cybersecurity strategies to address the challenges posed by the
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Finalyst Debuts Financial Health Assessment Platform
Finalyst has unveiled a new platform designed to enhance financial health, employing advanced technology to streamline cash flow management, investment strategies, and insurance planning, as stated by the company. According to the company, the platform gathers data to pinpoint potential
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Tune Protect Life Launches AI-Powered Insurance Tailored for Millennials and Gen Z
Digital-first life insurer, Tune Protect Life has launched FLEXIOne, an offering which they say integrates artificial intelligence to offer bespoke life, medical, and critical illness coverage. This new offering is tailored to meet customers’ individual budgets and coverage needs, focusing
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TNG Digital and PayNet Teams up to Promote Digital Payments in Sabah
TNG Digital and PayNet Launch ‘Cashless Seja Bah!’ Campaign in Sabah to Promote Digital Payments TNG Digital and PayNet have initiated the ‘Cashless Seja Bah!’ campaign in Sabah, focusing on promoting cashless transactions. The campaign, launched at Gaya Street Night
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BigPay Users Can Now Buy In-App International Travel Insurance From RM35
BigPay users will be able to apply for their travel insurance, BigPay TravelEasy, within the app starting today with the application process taking just minutes. The new comprehensive travel insurance product is underwritten by Tune Protect Malaysia and made possible
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Islamic Bank Australia Upholding Faith in the Digital Era
As inclusivity shapes global finance, Islamic banking gains momentum, providing an alternative to traditional models in line with Shariah principles. Australia, known for its multicultural and economic prowess, is set to welcome its inaugural Islamic bank, marking a significant step
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Boost PayFlex Expands Shariah-Compliant BNPL Across App and DuitNow QR
Malaysian e-wallet Boost has expanded its Shariah-compliant PayLater feature, called Boost PayFlex, to cover all transactions within its app as well as QR code payments. The credit line can be used for payments up to 3-month instalments at over 1.8
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