Page 63 - Bank-Muamalat-AR2020

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Our Performance Sustainability Statement Our Governance Our Numbers Other Information
Governance

RETAIL INVESTMENT Retail Investment offers a “one stop” complete Wealth Management ecosystem with
a comprehensive range of financial and non-financial solutions towards fulfilling its
mission to:
• Provide a unique proposition to satisfy customers’ personal and financial well
FOR FY2020,
RETAIL INVESTMENT being.
CONTRIBUTED • Maximise stakeholders’ wealth through multiple channels of distribution and
RM innovative product dynamics, in line with Maqasid Shariah.
24.75 MILLION • Establish trustworthy, professional and value-based advisory services that adhere
FEE-BASED INCOME to Shariah, Risk & Compliance parameters.
TO OVERALL BANK’S • Improve quality of life and preserve financial security of across generations.
REVENUE
• Embark on value-based initiatives to create financial access to all levels of society.
For instance, online gold transactions at minimal entry point of RM10.

In November 2020, the Bank, in a Invest in
strategic approach to reclassify its Wealth Creation
Wealth Management business, renamed 1 Invest in Wealth
it as Retail Investment. This change is Focus is on building Accumulation
to differentiate itself from major wealth wealth/establishing 2
an emergency fund/
management players in the industry financing for purchase Attention towards career
and enable the Bank to re-brand its of a 1 home/launching development and starting
st
a family/upgrading career
financial services offerings to the of a retirement plan skills/improving earnings
public. The Bank redefines investment prospects/increasing
to go beyond traditional offerings. In Invest in Wealth takaful protection for the
line with our goal to be the Premier Purification breadwinner/accelerating
retirement savings
Holistic Islamic Wealth Management 5
Lifetime Solutions Provider, the Bank’s Individual is at the Islamic
Wealth
holistic and all-encompassing approach active retirement stage Management
helps guide investments from the first and looks towards Lifecycle
spiritual needs and
stage of wealth creation to the end, purification of assets Invest in Wealth
Protection
with the goal of finding everlasting 3
barakah through wealth distribution Centers around the
and purification. individual’s peak earning
Invest in Wealth years as career prospects
level off. Emphasis shifts
Distribution towards retirement planning
4 and preparation
Individual is at the active/
passive retirement stage,
characterised by a conscious
need to distribute the
wealth assets to heirs and
beneficiaries