Page 346 - Bank-Muamalat-Annual-Report-2021

344 bank MuaMalat Malaysia berhaD
ABOUT US OUR LEADERSHIP OUR STRATEGY OUR PERFORMANCE

NOTES TO THE FINANCIAL STATEMENTS
31 DECEMbEr 2021 (26 JAMADIL AwAL 1443H)

51. seGMeNT INfORMATION

(a) Business segments
The Bank is organised into three (3) major business segments:
(i) Business banking - this segment comprises the full range of products and services offered to business customers
in the region, ranging from large corporates and the public sector and also commercial enterprises. The products
and services offered include long-term financing such as project financing, short-term credit (e.g Muamalat
Cashline and trade financing), and fee-based services (e.g cash management).
(ii) Consumer banking - this segment comprises the full range of products and services offered to individual
customers in Malaysia, including savings accounts, current accounts, fixed term accounts, remittance services,
internet banking services, cash management services, consumer financing such as mortgage financing,
personal financing, hire purchases financing, micro financing, wealth management and bancatakaful products,
where the Bank act as an intermediary to takaful companies.
(iii) Treasury and investment banking - this segment comprises the full range of products and services relating to
treasury activities and services, including foreign exchange, money market, derivatives and trading of capital
market securities.
Investment banking focuses on business needs of mainly large corporate customers and financial institutions,
which include corporate advisory services, bond issuances, Initial Public Offerings (“IPOs”) and debt restructuring
advisory services. It also explores investment opportunities via private equity investments for the Bank.
Other business segments include rental services, none of which is of sufficient size to be reported separately.

Treasury
and
Business consumer investment
Group banking banking banking Others Total
2021 RM’000 RM’000 RM’000 RM’000 RM’000

Revenue 290,994 706,688 172,055 (30,799) 1,138,938

Total income 173,538 404,973 43,557 178,544 800,612
Allowance for
impairment on financing (6,851) (47,093) - - (53,944)
Writeback of impairment
losses on investments - - 296 - 296
Writeback of/(allowance for)
impairment losses on other
financial assets, net - - 20 (414) (394)
Other expenses - - - (22,726) (22,726)
Total net income 166,687 357,880 43,873 155,404 723,844
Total overhead expenses (467,268)

Profit before zakat
and taxation 256,576
Zakat (6,447)
Taxation (91,070)
Profit for the year 159,059