Bank Muamalat cuts base rates after OPR reduction
Effective July 14, 2025, the bank will reduce its Standardised Base Rate (SBR) from 3.00 per cent to 2.75 per cent, its Base Rate (BR) from 3.81 per cent to 3.56 per cent, and its Base Financing Rate (BFR) from 6.81 per cent to 6.56 per cent.
"This will affect all floating-rate financing packages pegged to the SBR, BR and BFR.
"In line with the decrease in SBR, BR and BFR, Bank Muamalat's FTA-i deposit rates will also be revised accordingly," the bank said.
Bank Muamalat president and chief executive officer Khairul Kamarudin said the rate adjustment aligns with Bank Negara's recent decision to lower the OPR to 2.75 per cent.
He added that the revision supports the bank's ongoing efforts to promote economic growth while fulfilling the expectations of its stakeholders.
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