Page 4 - Bank-Muamalat_Annual-Report-2023

ABOUT INSIDE

THIS REPORT THIS REPORT

01
REPORTING FRAMEWORKS
This Annual Report 2023 (AR2023) which is produced and published
annually, covers the period from 1 January 2023 to 31 December 2023, OVERVIEW
unless stated otherwise. The reporting period is in alignment with the
reporting of our parent company, DRB-HICOM Berhad. 6 About Bank Muamalat
6 Vision, Mission
We have developed this AR2023 with an aim to provide a balanced
and comprehensive reporting of the Bank’s financial and non-financial 8 Success Beliefs
performance, benchmarked against our strategy and our delivery of
long-term value. This report also contains our forecast for the short, medium 9 Performance Highlights for 2023
and long-term which is based on current assumptions and subject to 10 Corporate Structure
uncertainty due to potential changes in operating landscape. As such,
these forward looking statements about Bank Muamalat's future 11 5 Years Financial Highlights
performance should not be regarded as guarantees or promises.
12 Assets Performance
15 Connected Parties
SCOPE AND BOUNDARY
16 Events & Highlights
This report discloses the performance of Bank Muamalat and its subsidiaries,
located in Malaysia. In developing this report, we have adhered to the
requirements of Bursa Malaysia Securities Berhad’s Main Market Listing
Requirements and Sustainability Reporting Guide (Second Edition),
the Malaysian Code on Corporate Governance (MCCG 2021), Bank Negara 02
Malaysia’s Policy Documents and Guidelines, Islamic Financial Services
Act 2013, the Malaysian Financial Reporting Standards (MFRS), International MESSAGE FROM LEADERSHIP
Financial Reporting Standards (IFRS), the Companies Act 2016,
the International Integrated Reporting Council’s (IIRC) Integrated 24 Chairman’s Statement
Reporting Framework (the Framework) and the Global Reporting 30 President & Chief Executive
Initiative’s (GRI) Sustainability Reporting Standards.
Officer’s Statement
36 Shariah Committee Chairman’s
NAVIGATION ICONS
Statement
In line with the Framework, we have reported on our value creation activities in
relation to the Six Capitals.

For ease of reference, the following navigation icons are used to represent
each capital and material matter, and will appear at relevant sections across
this report:

Our Capitals Our Material Matters

Financial Capital M1 Ethics & Integrity M8 Customer Experience
Diversity and
Manufactured Capital M2 Economic Performance M9 Equal Opportunity
Human Capital M3 Entrepreneur Development M10 Training and Education This report is supplemented by our
full suite of online publications, which
M4 Procurement Practices M11 Employment
Intellectual Capital caters to the diverse needs of our
broad stakeholder base as part of our
Social & Relationship M5 Digital Banking M12 Financial Inclusion
Capital comprehensive integrated reporting.
Energy Consumption and
M6 M13 Responsible Financing
Environmental Impact
Natural Capital These can be accessed at :
M7 Community Development www.muamalat.com.my