| 06.03.2009 - Malaysia: Islamic banks to lower BFR |
| 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 |