Friday, July 03, 2015

What Is Deposit Insurance System (DIS)?

The Deposit Insurance System (DIS) is a system established by the Government to protect depositors against the loss of their insured deposits placed with member institutions in the event of a member institution failure. Commercial and Islamic banks that are member institutions of PIDM are also referred to as ‘member banks’.
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Thursday, July 02, 2015

Are My Savings Safe in a Bank?


During the 2008 financial crisis, global banks around the world starting collapsing and since then, people started to question the security of their savings. The possibility of local and foreign banks in Malaysia remaining in business forever is not guaranteed and thus your savings could be at risk should a bank fail. So is your money safe? [.....]

Wednesday, July 01, 2015

Takaful: Islamic Insurance


What is takaful? Have you ever heard of it? How does it works?

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