1. What is the new guarantee announced by the Ministry of Finance and Bank Negara Malaysia (BNM)?
• The new guarantee covers the full amount of guaranteed deposits and instruments held in specific financial institutions.

2. What are the deposits or instruments guaranteed?
All deposits including:
• Fixed deposits, current accounts, savings accounts, joint and trust accounts
• All Islamic deposits (structured or otherwise)
• Principal guaranteed conventional structured deposits
• Foreign currency deposits
• Negotiable instruments of deposit held by non-banks.

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Popularity: 9% [?]

Deposits and instruments guaranteed

All deposits including:
• Fixed deposits, current accounts, savings accounts, joint and trust accounts
• All Islamic deposits (structured or otherwise)
• Principal guaranteed conventional structured deposits
• Foreign currency deposits
• Negotiable instruments of deposit held by non-banks.
Read the rest of this entry »

Popularity: 9% [?]

Bank Negara Malaysia have released a list of banks and financial institutions where you can deposit your money and it’s listed under the Government Deposit Guarantee.

In Total:

Commercial Banks – 22
Islamic Banks – 17
International Islamic banks – 1
Deposit-Taking Development Financial Institutions – 5

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Popularity: 10% [?]