Page 156 - Bank-Muamalat-Annual-Report-2021

154 BANK MUAMALAT MALAYSIA BERHAD
ABOUT US OUR LEADERSHIP OUR STRATEGY OUR PERFORMANCE

Directors’

rePort

In the name of Allah, The Most Beneficent, The Most Merciful

The directors have pleasure in submitting their report together with the audited financial statements of the Group and of the Bank
for the financial year ended 31 December 2021.

PrinciPal activities
The Bank is principally engaged in Islamic banking business and the provision of related financial services. The principal activities of
the subsidiaries are disclosed in Note 11 to the financial statements.

There has been no signficant change in the nature of these activities during the financial year.

results

Group Bank
rM’000 rM’000

Profit before zakat and taxation 256,576 247,869
Zakat (6,447) (6,043)
Taxation (91,070) (89,154)

Profit for the year 159,059 152,672

There were no material transfers to or from reserves or provisions during the financial year other than as disclosed in the financial
statements.
In the opinion of the directors, the results of the operations of the Group and of the Bank during the financial year were not substantially
affected by any item, transaction or event of a material and unusual nature other than the effects of COVID-19 pandemic and related
support measures as disclosed in Notes 8(b), 27(ii)(a) and 29(a).

DiviDenD
No dividend has been paid or declared by the Bank since the end of the previous financial period. The directors do not recommend
the payment of any dividend in respect of the current financial year.

Directors

The names of the directors of the Bank in office since the beginning of the financial year to the date of this report are:
Tan Sri Tajuddin Atan
Tan Sri Che Khalib Mohamad Noh
Dato’ Ibrahim Taib
Iwan Rashman Gulamoydeen
Md. Khairuddin Hj Arshad
Johari Abdul Muid
Mohd Razlan Mohamed (appointed on 1 September 2021)
Roshidah Abdullah (appointed on 1 September 2021)
Ghazali Hj Darman (resigned on 21 July 2021)