Page 27 - Bank-Muamalat_Annual-Report-2023

ANNUAL REPORT 2023
MESSAGE FROM LEADERSHIP

CHAIRMAN’S

STATEMENT

A YEAR OF PROGRESS
The Bank’s strong performance in
2024 marks the third consecutive year
of sustained progress and growth.
We take pride in the steadfast
investments in technology, people,
process and training that have made this
possible. I commend the teamwork and
unity displayed by our board members,
management and employees as the
key drivers elevating Bank Muamalat
as a preferred provider of Islamic
financial products and services. In this
journey, the Bank has also fostered
positive and sustainable impacts that
extend beyond financial metrics.

Alhamdulillah, these efforts were
recognised and celebrated as the
Bank emerged as the Most Improved
Islamic Retail Bank in Malaysia
2023 at the Islamic Retail Banking
Awards (IRBA). Further, our President
& Chief Executive Officer (PCEO), Key drivers of the year’s growth include deepening customer relationships and
Encik Khairul Kamarudin, was honoured expanding our customer base; managing our balance sheet and asset quality
as IRBA’s CEO of the Year 2023. I take to maintain a consistently low gross impaired financing ratio; implementing
this opportunity to congratulate him comprehensive risk mitigation strategies to protect and enhance returns;
and his team for their hard work and upholding the highest standards of transparency, accountability, and integrity;
dedication in achieving this prestigious and demonstrating unwavering dedication and resilience in executing our
industry recognition. strategic vision.
We also remain inspired and resolute to create more value to all our stakeholders
RESILIENT GROWTH
by pioneering new possibilities, improving services to our customers, contributing
Anchored on clear goals and to socio-economic prosperity, and creating growth opportunities for the Bank
purposefulness, the Bank resiliently Muamalat family.
grew financing and deposits, achieving
a Profit Before Tax (PBT) of RM295.6
million and a robust Return on Equity
(ROE) of 9.35% for our shareholders.

Profit before tax: ROE: VBI financing:
RM295.6 9.35% RM14,792
million (10.9% in FY2022) million

(RM306.7 million in FY2022) or 52.2% of total financing outstanding

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