Page 361 - Bank-Muamalat_Annual-Report-2023
P. 361
ANNUAL REPORT 2023
OUR NUMBERS
52. 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 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.
Others include Investment banking and other business segments which consists of rental services, none of which
is of sufficient size to be reported separately.
Business Consumer Treasury
Group banking banking banking Others Total
2023 RM’000 RM’000 RM’000 RM’000 RM’000
Revenue 387,893 1,114,898 271,235 10,628 1,784,654
Total income 196,275 359,168 34,067 363,096 952,607
Write-back of/(allowance for)
impairment on financing 1,316 (35,855) 1,279 - (33,260)
Allowance for impairment losses
on investments - - (526) - (526)
Allowance for impairment losses
on other financial assets, net - - (105) - (105)
Other expenses - - - (46,149) (46,149)
Total net income 197,591 323,313 34,715 316,948 872,567
Total overhead expenses (576,984)
Profit before zakat and
taxation 295,583
Zakat (10,227)
Taxation (73,541)
Profit for the year 211,815
359
