Islamic securities issued by Bank Negara Malaysia for the purposes of managing liquidity in the Islamic financial market.
Discount-based BNMN-i will be traded using the same market convention as Malaysian Islamic Treasury Bills (MITB) while the profit-based BNMN-i will adopt the market convention of Government Investment Issues (GII).
Maturity of these issuances has been lengthened from one year to three years. New issuances of BNMN-i are issued either on a discounted basis or coupon bearing basis depending on liquidity condition and interbank demand.
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