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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 ...
Zeti began her career as an economic analyst for the South-East Asia Central Bank Training & Research Center, remaining at that post from 1979 to 1984. She was then appointed Deputy Manager of the Economics Department at Bank Negara Malaysia. In 2009, Global Finance named her as one of the world's best central bank chiefs. [7]
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 ]
ASB was established in 2015 through a partnership between the MIT Sloan School of Management and Bank Negara Malaysia, the Central Bank of Malaysia. It offers a range of programs, including a 12-month Master of Business Administration (MBA) , a 16-month Executive MBA (EMBA) , and a 12-month Master in Central Banking (MCB) .
Following its purchase of 10.1% stake in 2008 for $19.3 million [8] and another 11.2% stake for RM70.9 million in 2010, [9] SEEK Limited, the Australian internet job recruitment company made a complete takeover in 2014 for RM 1.73 billion [10] [11] together with co-investors, News Corp, Tiger Global and Macquarie Capital.
The Governor of the Central Bank of Malaysia is the chief executive of Malaysia's central bank and the ex-officio chairperson of its Central Board of Directors. Malaysian ringgit currency notes, issued by the Central Bank of Malaysia (BNM), bear the governor's signature. Since its establishment in 1959, the BNM has been headed by 10 governors.
Muhammad joined Bank Negara Malaysia in 1984, and appointed as Deputy Governor in June 2010. [6] He sits on the Bank's Monetary Policy Committee as well as the Financial Stability Committee. Throughout his service to the Central Bank of Malaysia, he held several posts in several government bodies and companies.
Islamic banking in Malaysia began in September 1963 when Perbadanan Wang Simpanan Bakal-Bakal Haji (PWSBH) was established. PWSBH was set up as an institution for Muslims to save for their Hajj (pilgrimage to Mecca) expenses. In 1969, PWSBH merged with Pejabat Urusan Haji to form Lembaga Urusan dan Tabung Haji (now known as Lembaga Tabung Haji).