HLISB Announce Decrease in IBR and IFR

In line with the recent reduction in Bank Negara Malaysia’s Overnight Policy Rate (“OPR”), Hong Leong Islamic Bank Berhad (“HLISB”) would like to announce reduction in its Islamic Base Rate (“IBR”) to 3.88% from 4.13%. Similarly, financing based on Islamic Financing Rate (“IFR”) will be lowered to 6.89% from 7.14%. All rate changes will be effective 15 May 2019.