BNMN-i are Islamic securities issued by BNM for the purpose of managing liquidity in the Islamic banking system. BNMN-i serves to replace the Bank Negara Negotiable Notes-i (BNMN-i). The instruments are issued using Islamic principles which are deemed acceptable to shariah requirement. The tenors of these issuances range from one year to three years. BNMN-i may be issued either on a discounted basis or profit-based basis, depending on the demand of investors.