Page 182 - Bank-Muamalat_Annual-Report-2023

BANK MUAMALAT MALAYSIA BERHAD

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 2023.

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 significant change in the nature of these activities during the financial year.

RESULTS

Group Bank
RM’000 RM’000

Profit before zakat and taxation 295,583 300,756
Zakat (10,227) (9,929)
Taxation (73,541) (72,781)
Profit for the year 211,815 218,046

In the opinion of the Directors, the results of the operations of the Group and of the Bank during the financial year have not been
substantially affected by any item, transaction or event of a material and unusual nature.

RESERVES AND PROVISIONS
There were no material transfers to or from reserves or provisions during the financial year other than as disclosed in the financial
statements.

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

DIRECTORS OF THE GROUP AND THE BANK
Directors who served during the financial year until the date of this report are:

Bank Muamalat Malaysia Berhad
Tan Sri Tajuddin Atan, FCB
Johari Abdul Muid
Tan Sri Che Khalib Mohamad Noh
Dato’ Ibrahim Taib
Ainol Roznain Yaacob
Md. Khairuddin Hj Arshad
Mohd Razlan Mohamed
Roshidah Abdullah

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