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Payments Network Malaysia Sdn Bhd (PayNet) is the national payments network and shared central infrastructure for Malaysia’s financial markets. It was formed from the merger between the Malaysian Electronic Payment System (MEPS) and Malaysian Electronic Clearing Corporation Sdn Bhd (MyClear) on 1 August 2017. [ 1 ]
The Congress of Union of Employees in the Public and Civil Services Malaysia (Malay: Kongres Kesatuan Pekerja-pekerja di dalam Perkhidmatan Awam Malaysia), abbreviated CUEPACS, is a national trade union centre in Malaysia. It has a membership of 1,200,000.
The Central Bank of Malaysia (BNM; Malay: Bank Negara Malaysia; Jawi: بڠک نݢارا مليسيا ) is the Malaysian central bank.Established on 26 January 1959 as the Central Bank of Malaya (Bank Negara Tanah Melayu), its main purpose is to issue currency, act as the banker and advisor to the government of Malaysia, and to regulate the country's financial institutions, credit system and ...
Bank Kerjasama Rakyat Malaysia Berhad** (Bank Rakyat) Cooperatives Commission (SKM) Malaysian Entrepreneurship and Cooperative University** (UKKM) National Entrepreneurship Institute** (INSKEN) Perbadanan Nasional Berhad** (PERNAS) Small and Medium Enterprise Corporation* (SME Corp. Malaysia) Small and Medium Entreprise Bank** (SME Bank)
The Kedah State Zakat Board (Malay: Lembaga Zakat Negeri Kedah; abbreviated as LZNK), acts as the trustee for Ulil Amri, the Sultan of Kedah. [1] LZNK is an institution responsible for the oversight of zakat collection and distribution in the state of Kedah, Malaysia. [ 2 ]
The Ministry of Domestic Trade and Costs of Living (Malay: Kementerian Perdagangan Dalam Negeri dan Kos Sara Hidup), abbreviated KPDN, is a ministry of the Government of Malaysia that is responsible for domestic trade, living costs, co-operatives, consumerism, franchise and others.
Malaysia has 16 fully-fledged Islamic banks including five foreign ones, with total Islamic bank assets of US$168.4 billion, which accounts for 25% of the Malaysia's total banking assets. [2] This in turn accounts for over 10% of the world's total Islamic banking assets.
In 2006, Bank Negara Malaysia setup International Centre for Education in Islamic Finance a dedicated University to provide skilled and certified personnel for Islamic Finance in Malaysia. The university was established as part of the Malaysian Government's initiative to further strengthen the country's position as an international Islamic ...