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Malaysia: Islamic banks to lower BFR

Posted on 06 March 2009

From Thestar.com.my: All Islamic banks will lower their base financing rate (BFR) and publish new rates individually in line with Bank Negara Malaysia’s further reduction of Overnight Policy Rate (OPR) from 2.50% to 2.00%.

In a statement yesterday, the Association of Islamic Banking Institutions Malaysia (Aibim) said with the lower base financing rate, customers with variable-rate financing facilities have the option of retaining their financing tenure….. Full Article: Source

 
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