ctr-limit

Take Note: RM25,000 Limit Per Unreported Transaction

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Featured image adapted from Bank Negara Malaysia Anti-corruption was a major stance for Malaysia Baru, and with the dawn of the first full year under a new government, new anti-corruption and anti-money laundering measures have been announced, namely a reduced cash transaction limit from RM50,000 to RM25,000. Rationale While the biggest known money-laundering scandal in […]

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Pros and Cons of Choosing a Favourite Bank

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Featured image adapted from PingMod They say that brand loyalty is dead. That the people of today are tempted by the best deal in town rather than any particular name they grow to trust. On the other hand, there’s something undoubtedly irresistible to walk into the door (or to log into your e-banking account) and […]

pidmdebunked

PIDM Myths Debunked!

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Savings with major banks in Malaysia often have this sweet-sounding phrase included: XX bank is eligible for protection by PIDM. Today, let’s debunk some myths about PIDM so that you can know it better! What is PIDM? Image via Smart Investor PIDM refers to Perbadanan Insurans Deposit Malaysia, a Government agency established to administer a […]

ethijari

Save for Haj with e-THiJARI

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Featured image via e-THiJARI For Muslims, a pilgrimage to Mecca is a rite of passage and a responsibility for those who can afford it. The pilgrimage, or ‘menunaikan haji’ in Malay, refers to the act of visiting an important and revered place (Mecca). Image via Universitas Abulyatama What is the Role of Tabung Haji? Tabung […]

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The Price of Citizenship

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Once a citizen, always a citizen – or is it? The Malaysian diaspora is a well-lamented problem. Talent Corporation Malaysia Berhad (TalentCorp) tried to curb some of this brain drain by introducing the Returning Expert Programme (REP) to attract Malaysians to return home and the Residence Pass-Talent (RP-T) to retain skilled expatriates in Malaysia. These […]

Syariah-Compliant-Investment-Plans

4 Syariah-Compliant Investment Plans For Everyone

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Featured image via WorldOfTravel Normal avenues for investment aren’t available to Muslims due to the presence of unsury (riba), gambling (maisir) and ambiguity (gharar). To compensate for this, Malaysia has made available several Islamic investment products that are free of these influences. These investment plans can also be purchased by all non-Muslims. 1. Islamic REITS […]

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Get Aggressive with Fixed Deposits Today!

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So you thought fixed deposits are the easiest, safest, no-hassle forms of investment around? Well, you’re both right and wrong. While the under-lying principle remains the same, there are actually ways to optimise your fixed deposit investments so that they beat the inflation rate and really generate income for you, too. Take Advantage of Promotions […]