2019

Manoeuvring Through A New Banking Horizon

This Annual Report 2019 (AR2019) covers the period from 1 April 2019 to 31 December 2019 and serves to transition between our previous financial year ending 31 March 2019 and our new financial year ending 31 December 2019. We have changed our financial year to align our reporting period with that of our parent company, DRB-HICOM Berhad. We have developed this AR2019 with an aim to provide a balanced and comprehensive reporting of the Bank’s financial and non-financial performance, benchmarked against our strategy and our delivery of long-term value. This report also includes our outlook for the short, medium and long-term to ensure our stakeholders receive a holistic view of our performance to assist in their decision-making.

This report discloses the performance of Bank Muamalat and its subsidiaries, located in Malaysia. In developing this report, we have adhered to the requirements of Bursa Malaysia Securities Berhad’s Main Market Listing Requirements and Sustainability Reporting Guide (Second Edition), the Malaysian Code on Corporate Governance, Bank Negara Malaysia’s Policy Documents and Guidelines, the Malaysian Financial Reporting Standards, International Financial Reporting Standards, the Companies Act 2016, the International Integrated Reporting Council’s (IIRC) Integrated Reporting Framework and the Global Reporting Initiative’s (GRI) Sustainability Reporting Standards. Unless otherwise stated, information disclosed in this report is as at 31 December 2019.