Okay...

Now I know which post gotten reported....

The Shariah thingy.... Well... Everyone knows banks is non shariah... Except Bank Islam, Muamalat, Al-Rajhi.... And all those Islamic branch of the ordinary bank (tiger, sotong, pb etc.)....

This one also very triggered one...

Come on...

GX bank don't really fall under shariah compliant digital bank.... So I'm telling truth

gxbank is not shariah. it is well known as they are not awarded digital license by bank negara. why people report you when this is true fact???

If those people are so small gas to report it, what for? Better quit here and don't watch la.

Also, contributors don't contribute too.

I don't know...
Only those who reported knows why....

I’m so confused, so people are triggered that GX Bank is not Shariah compliant?

It’s a fact that GX Bank is regulated by the Financial Services Act 2013 and not its Islamic counterpart. Heck, it’s even stated on Bank Negara’s website.

https://www.bnm.gov.my/-/digital-bank-5-licences

If people are so concerned about GX Bank not being Shariah compliant, wait for Islamic digital banks owned by AEON and KAF; or go with the existing major banks’ Islamic banking division. If a financial institution Shariah compliance matters to the individual.

well some people matter on this and post unhappy message on facebook. those people get wrong idea and keep questioning why not shariah?
anyway, if this really matter , they can opt out or may be ask bnm instead of gxbank regarding this award.
another 4 more got deadline till april to come out their product. i am curious, what happen if they cannot come out with the app? will they revoke the license ?

while i think it is okay to have shariah / non-shariah compliant ones, but i just think that the direction where we are heading to is wrong, or just incorrect.

Huh? Actually nowadays thing easily turn to become very sensitive. Long ago all bank also don't have this kind of shariah concept right? Then where the money can put? Why last time no issue and now all turn to become big issue? Makan issue also.... must see halal cert only can trust. Those roadside stall many no halal cert also, why no issue? Because of trust? If so, meant we can't trust anyone at all.

People get triggered easily nowadays....

Shariah banking become very popular in recent years only...

Around end of 90' & get stronger after 2000....

Now it's even more....

GX bank got 3 issues actually...
1. Non shariah compliant
2. It's from GRAB
3. Singapore based (but actually it's Malaysian one, thanks to government one sided policy - they went to Singapore instead)....

I mean it’s free market economics, demand and supply baby. If there is demand for Islamic banking, the banks will supply it. As long as our conventional banking is excellent and competitive I honestly don’t mind.

I think the concept of Islamic banking has existed for a while but only became mainstream quite recently. Regardless if you use conventional or Islamic banking; the banks would always have the last laugh.

this GX bank not yet officially launch?
cannot see the list under fpx?

offically launched lah




dont think they will join FPX.... a FPX will be superseded by DuitNow OBW (one of the product under DuitNow platform)


still young, features will be released in piecemeals

Yes.
It's becoming they way of life for certain part of the community...

And it's increasing y-o-y 🔥💪

People is adopting the services fast...

For some...
U give the highest rate... Islamic or not. Shariah or not .. People still would flock to them...

Money matter most.... That I fall under this category 😁

This post has been edited by nexona88: Dec 20 2023, 05:39 PM

Money got halal or non-halal to some with strong religious believes.

Actually Touch n Go gives 3.45% lor

Limited to 9.5k only and no pidm.

oh, thanks for this highlight.

Raze needs to selfie for registration and for all future transfer?

wrong thread. you may want to check on rize section

Nothing to do with govt one sided policy 🤦‍♀️ Grab in fact approaches Khazanah 1st and they got turned by them hence they approached Temasek for seed money before they got it and started established HQ in Singapore with generous tax breaks unlike the govt here shortsighted 🤦‍♀️