Increased OPR – How does it affects the islamic finance?
The Overnight Policy Rate (OPR) is the benchmark interest rate used by the central bank of Malaysia, Bank Negara Malaysia (BNM), to manage monetary policy. The OPR has a significant impact on the Islamic finance industry in Malaysia as it influences the cost of borrowing and lending for financial institutions. In Malaysia, the Islamic […]
5 reasons why Muslims should opt for takaful as compared to insurance policy!
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