Bank Negara Malaysia clarifies Fatwa ruling on forex trading

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Bank Negara Malaysia clarifies Fatwa ruling on forex trading KUALA LUMPUR, 16 Feb 2012: Bank Negara Malaysia said today that only licensed financial institutions and money changers are allowed to conduct foreign currency trading. This statement came about after the National Fatwa Council's ruling on Wednesday that forex trading is forbidden for Muslims. The Council's statement on it being ... This is another mega-financial scandal in Malaysia in the past few years – eclipsed only by Bank Negara’s RM30 billion forex losses scandal. At the time of the take-over of Mercantile Insurance Sdn, Bhd., Bank Negara revealed that four Mercantile executives were being investigated on charges of mismanagement and claims of irregularities. As Malaysia's Central Bank, Bank Negara Malaysia promotes monetary stability and financial stability conducive to the sustainable growth of the Malaysian economy. Jalan Dato' Onn, 50480 Kuala Lumpur, Malaysia; 1300 88 5465 (BNMTELELINK) +603 2698 8044 (General line) [email protected] Bank Negara Malaysia has issued the exposure draft on Valuation of Insurance and Takaful Liabilities today. This exposure draft sets out the proposed requirements on the valuation of insurance and takaful liabilities. The enhancements to the valuation are developed with the aim of ensuring that the liabilities are valued in a way that is: The Bank Negara RM30 billion forex losses scandal by Kit Siang Lim ( Book ) Siapa mangsakan siapa? : Bank Negara bankrap by Ahmad Lutfi Othman ( Book ) Warisan matawang : buku panduan koleksi Bank Negara Malaysia by Bank Negara Malaysia ( Book ) Lapuran tahunan dan penyata kira-kira - Bank Negara Malaysia. Annual report and statement of accounts - Bank Negara Malaysia by Bank Negara Malaysia ... As Malaysia's Central Bank, Bank Negara Malaysia promotes monetary stability and financial stability conducive to the sustainable growth of the Malaysian economy. Jalan Dato' Onn, 50480 Kuala Lumpur, Malaysia; 1300 88 5465 (BNMTELELINK) +603 2698 8044 (General line) [email protected] Foreign Currency Savings Account gives you the flexibility to access your funds anytime without any lock-in period. Foreign Currency Fixed Deposit Account earns you attractive interest rates with a choice of tenure from 1 week to 12 months.

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