Page 79 - Bank-Muamalat-AR2020
P. 79
77
Our Performance Sustainability Statement Our Governance Our Numbers Other Information
Governance
Muamalat Venture Sdn Bhd In line with VBI concept, MVSB In FY2020, MVSB registered profit
(“MVSB”) continues to serve the underserved before tax of RM5.9 million mainly
communities through its investment contributed by increase in profit
partnership with PKB in operating contribution from the Musyarakah
Ar-Rahnu branches in Kelantan investment.
and Sabah. The venture generates
REVENUE
RM sustainable returns to MVSB and allows Strategies Moving Forward For MVSB
8.5 Million us to promote fair and transparent
products and services to underserved
% communities especially during the The slowing domestic and global
132.4 Increase MCO period. economies due to COVID-19 pandemic
Year-on-Year (“y-o-y”) will continue to have a negative impact
Performance Review on the performance of companies across
various sectors. This in turn will affect
Assets Under Management (RM Million) investors’ return on investment which
102.40 128.71 76.83 72.65 75.05 71.56 will add to the volatility of investment
performance. To address these risks,
ASSETS UNDER MVSB intends to focus on constant
MANAGEMENT engagement with its investee companies
RM and make strategic preparations to
71.6 Million manage possible negative impacts of
an economic slowdown, and ride on
investment opportunities which can
FY15/16 FY16/17 FY17/18 FY18/19 FY2019 FY2020 generate stable recurring income while
mitigating the inherent risk.
Income (RM Million)
With recovery only expected later in
MVSB is an Islamic 3.64 8.46 2021, focus will be placed on exercising
venture capital +132.44% greater prudence and remaining
management company vigilant in the face of changing
outcomes and downside risks. Efforts
which invests in high- will be directed towards enhancing the
growth companies, existing portfolio, while keeping an eye
mezzanine and pre-IPO out for viable, potential investments
companies. and opportunities to build an Islamic
FY2019 FY2020 Variance (%) private equity portfolio.
Profit Before Tax (RM Million)
MVSB is currently focused on a
Musyarakah venture with Permodalan 1.72 5.89
Kelantan Berhad (PKB Musyarakah +242.67%
Investment), which accounts for
more than 90% of its Assets Under
Management (“AUM”) of RM71.6
million as at 31 December 2020. The
decrease in AUM was due to annual
capital buyback by joint venture partner
of PKB Musyarakah Investment. FY2019 FY2020 Variance (%)
