Bank Islam Raises Base Rate to 3.90%

Bank Islam Malaysia Berhad (Bank Islam) is revising its Base Rate (BR) from 3.65% to 3.90% and Base Financing Rate (BFR) from 6.60% to 6.85% with effect from 30 January 2018.

Bank Islam Chief Executive Officer (CEO), Khairul Kamarudin said the rate revision was due to the rise in Bank Negara Malaysia’s Overnight Policy Rate (OPR) by 25 basis points to 3.25%.

The last revision in Bank Islam’s BR was on 27 July 2016 when the rate was revised from 3.90% to 3.65%.

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