Hong Leong Islamic Bank Update SBR, IBR and IFR

Kuala Lumpur, 08 May 2023: Following the latest revision in Bank Negara Malaysia’s Overnight Policy Rate (“OPR”) by 25 bps, the Standardised Base Rate (“SBR”) for Hong Leong Islamic Bank (“HLISB” or the “Bank”) will be at 3.00%.

The Bank’s Islamic Base Rate (“IBR”) will be revised to 3.88% from 3.63%. Similarly, financing based on the Islamic Financing Rate (“IFR”) will be revised to 6.89% from 6.64%.

These changes will take effect on 09 May 2023.

The adjustment in rates is in line with the latest OPR change.