Page 70 - Bank-Muamalat_Annual-Report-2023

BANK MUAMALAT MALAYSIA BERHAD

TRANSACTION
BANKING

Deposit by Sector
Current Account
(RM’ million)
186 146 881 911 2,019 2,834 3,967 4,348 271 395

-21.4% 3.5% 40.4% 9.6% 45.6%

Retail Small Business Corporate Government FI/NBFI

Fixed Term Account
(RM’ million)
673 595 178 196 1,632 2,056 2,622 3,656 254 304

-11.7% 10.0% 25.9% 39.4% 19.3%

Retail Small Business Corporate Government FI/NBFI

OUTLOOK & STRATEGY

In addition to the current existing strategic initiatives, the primary focus for FY2024 revolves around expanding and
prioritising Green Deposits within Individual and Small Business segments. This aims to not only manage the Bank’s
liquidity position more effectively but also involves the development of a holistic ecosystem through fostering
collaborations and partnerships with other Financial Institutions (FIs) and Non-Bank Financial Institutions (NBFIs).
Driving sustainable growth further, Bank Muamalat is embarking on a Muamalat First (M1) initiative which harnesses
strategic synergies at driving business growth through collaboration within Tan Sri Syed Mokhtar Al-Bukhary’s group
of companies (the Group). This collaborative effort extends across various entities within the Group, including
DRB-HICOM, MMC, Tradewinds, and Al-Bukhary. By leveraging on this synergy, business opportunities can be
unlocked in order to boost the entire Group’s business forward.

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