On 12 February 2019, Bank Negara Malaysia (BNM) raided eight premises conducting money changing and remittance business activities without a license granted under section 7(1) of Money Services Business Act 2011 (MSBA), which is an offence under section 4(1) of MSBA.
To enable the Bank to meet the objectives of a central bank, it is vested with comprehensive legal powers under the following legislation to regulate and supervise the financial system.
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Note: The production of the statistics has been discontinued. Click here. to view the new daily weighted average of Islamic interbank deposit rates for various tenures. (Jan 2015-present).