Page 8 - Bank-Muamalat-Annual-Report-2021

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

ABOUT

BANK MUAMALAT

Bank Muamalat is one of three independent full-fledged WHAT DIFFERENTIATES BANK
Islamic financial institutions in Malaysia. The Bank’s origins MUAMALAT?
date back to 1 October 1999 when the Islamic banking
assets and liabilities of three local banks, namely Bank 01
Bumiputra Malaysia, Bank of Commerce (Malaysia) and A financial institution that is committed to deliver
BBMB Kewangan, were merged. The Bank has two sustainable growth
shareholders, DRB-HICOM and Khazanah Nasional Berhad,
More details available in our Business Performance from
each holding 70% and 30% equity respectively. page 55 to 79
Bank Muamalat’s network spans across 67 branches and 2
sales centres nationwide through which the Bank provides 02
a wide range of Islamic banking products and services to Continuously striving to improve client satisfaction and
Malaysians and foreigners, offering wholesale and retail deliver superior customer experience, especially via the
digital platform
banking services, foreign currency deposits, investment
accounts, foreign exchange trading, working capital More details available in our Sustainability Statement from
financing, trade financing, project and contract financing, pages 91 to 100
venture capital and Islamic capital market services.
As a pioneering Islamic bank in the country, Bank Muamalat 03
is supported by highly qualified Shariah scholars with
Knowledgeable and highly experienced Board
extensive experience in Islamic jurisprudence. This group Members and Management team
provides counsel on issues pertaining to Shariah products
and services, including activities to raise Islamic capital. Read our Board Members and Management profiles on
pages 108 to 125
The Bank is a member of the Global Alliance for Banking
on Values (“GABV”), an independent network of banks and 04
banking cooperatives worldwide that operate under the
A value-driven financial institution that aspires to
Principles of Sustainable Banking. GABV focuses on returns deliver positive impact to the community and to be an
to the real economy and acts as a financial intermediary to ethical Islamic bank
support social and environmental impacts. Bank Muamalat
More details available in our Sustainability Statement from
is the first Islamic bank to be accepted as a member of the pages 88 to 100
alliance.
05
Bank Muamalat is also a member and the co-chair of the
Sustainability Working Group of General Council for Islamic Holistic and sound risk management
Banks and Financial Institutions (“CIBAFI”), an international
Please refer to Principal Risks and Uncertainties on page 48
non-profit organisation founded in 2001 by the Islamic and our Statement of Risk Management on page 146
Development Bank (“IsDB”) and a number of leading
Islamic financial institutions. CIBAFI is affiliated with the 06
Organisation of Islamic Cooperation (“OIC”).
Good governance and effective leadership
More details in our Statement of Governance from
page 126 to 145