KLIBOR's joke

Assalamualaikum wbt

Learning about interest rate is amazing. There are various terms used in the interest rate structure which are Deposit Rates, Interbank Rates, Statutory Costs, Overhead Costs, Base Landing Rate (BLR), Spread and Effective Lending Rate (ELR).

To me, the most attractive rate is interbank rates- Kuala Lumpur Interbank Offer Rate (KLIBOR). I got a joke about this rate...

Actually they want to name it MIBOR for Malaysian Interbank Offer Rate, but a Chinese chap in the committee pointed out that "Bor" in Hokkien means "wife". Therefore, MIBOR could imply "my wife". As they do not wanting to give the impression that wives are traded in the Malaysian interbank money market, they decided on the term KLIBOR.

What a funny joke which I never think about before. I got this story from my Notes to The Prime Minister written by Wong Sulong. We'll never get this from the textbook...trust me~

The Banker Who Knew Too Much

A Hope

Assalamualaikum w.b.t

Long time ago, I always hope for security- to feel peace and safe in life

After some time, I think that I'm wrong

Of course we can't get everything that we want in life

Because Allah only give what we really need, He knew us very well.

I learned a lot from my past

I don't want to repeat my mistake

I want to keep moving forward and never turn back.

Now, I hope for nothing

Because I believe that Allah is the one who will never leave me

Only pray for His forgiveness and blessing

I believe that-

To PRAY is to HOPE

May Allah ease...