Page 75 - Bank-Muamalat-AR2020

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Our Performance Sustainability Statement Our Governance Our Numbers Other Information
Governance

INVESTMENT BANKING Fortifying financial access in the challenging year, IB continued
to prioritise serving the underserved communities as part
Challenges of the Bank’s commitment to Value-Based Intermediation.
IB continued its investment partnership with Permodalan
Investment Banking (“IB”) focuses on Islamic Capital Kelantan Berhad via MVSB, in the operation of Ar-Rahnu
Markets deals as well as managing the Bank’s private equity branches that provide instant and easy cash in rural parts of
investments via our private equity arm, Muamalat Venture Kelantan and Sabah. The venture generates sustainable returns
Sdn Bhd (“MVSB”).
to the Bank and allows us to promote fair and transparent
Capital Markets presented continued challenges during the products and services to underserved communities.
year, due to the pandemic-led contractions in economies and
the limited flow of new deals. However, Bank Muamalat’s Performance Review
IB team managed to turn in a commendable performance
contributed from the conclusion of two (2) Sukuk deals, Fee Income (RM’ Million)
namely for an Islamic Financial Institutions and a State 1.473 1.904 +29.26
Agency Corporation in the agricultural sector.
The details of the transactions are as follows:

Transaction Role

Sukuk Wakalah Programme of Joint Lead FY2019 FY2020 Variance (%)
up to RM10.0 billion by Imtiaz Manager
Sukuk II Berhad Dividend Income (RM’ Million)
1.000 3.000 +200.00

Sukuk Wakalah Programme of up Joint Lead
to RM650.0 million by Perbadanan Manager
Kemajuan Pertanian Negeri Pahang

FY2019 FY2020 Variance (%)

IB registered RM1.9 million in fee income, MVSB’s Return on Investment (%)
comprising arranger fees, Wakalah fees, 9.40% 11.63% +2.23%
agency fees and management fees derived
from Investment Banking activities. The
fee income for FY2020 increased by 29.26%
as compared to the previous year.

FY2019 FY2020 Variance (%)

During the year under review, IB registered RM1.9 million in
fee income, comprising arranger fees, Wakalah fees, agency
fees and management fees derived from Investment Banking
activities. The fee income for FY2020 increased by 29.26% as
compared to the previous year.