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Higher cost of fund sees Bank Muamalat raising base rate, BFR


  • Banking
  • Friday, 18 Jan 2019

Bank Muamalat Malaysia Bhd has raised the base rate (BR) and base financing rate (BFR) by 11 basis points each effective on Friday due to the increase in the bank's cost of fund.

Bank Muamalat Malaysia Bhd has raised the base rate (BR) and base financing rate (BFR) by 11 basis points each effective on Friday due to the increase in the bank's cost of fund.

KUALA LUMPUR: Bank Muamalat Malaysia Bhd has raised the base rate (BR) and base financing rate (BFR) by 11 basis points each effective on Friday due to the increase in the bank's cost of fund.

The Islamic bank said on Friday the BR  would be increased from 3.95% per annum to 4.06%  per annum and the BFR  from 6.95% per annum to 7.06% per annum.

Banking

   

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