In response to Bank Negara Malaysia’s (BNM) decision to increase the OPR to 3.00% effective May 3, Bank Muamalat Malaysia Berhad’s (Bank Muamalat) SBR, BR and BFR will be revised by 25 basis points from 2.75% p.a to 3.00% p.a, 3.56% p.a. to 3.81% p.a. and 6.56% p.a. to 6.81% p.a. respectively, with effect from 9 May 2023.
This will affect all floating rate financing packages pegged to the SBR, BR and BFR.
In line with the increase in SBR, BR and BFR, Bank Muamalat’s FTA-i deposit rates will also be revised accordingly.
Bank Muamalat President and CEO, Khairul Kamarudin said the rate revision corresponds with the increase in OPR to 3.00% as announced by BNM.
“Bank Muamalat will continue to manage its assets and liabilities responsibly while supporting the current economic growth initiatives and meeting stakeholders’ expectations,” said Khairul.
