Page 77 - Bank-Muamalat_Annual-Report-2023

ANNUAL REPORT 2023
OUR BUSINESS PERFORMANCE

MUAMALAT VENTURE SDN BHD (MVSB) FYE 2023 Anticipated Risks and Prospects

Company Focus: The dynamic nature of both domestic and global
economies, coupled with factors such as global monetary
MVSB is an Islamic venture capital management company
policy tightening and geopolitical developments,
which invests in high-growth companies, mezzanine and
will persistently influence the performance of companies
pre-IPO companies.
across diverse sectors. This in turn will affect investors’
return on investment which will add to the volatility of
Financial commentary and performance analysis:
investment performance. To address these risks, we will
MVSB mainly focused on a Musharakah venture with focus on constant engagement with our investee companies
a state government linked company, which accounts for and manages the negative impacts of an economic volatility.
more than 90% of its Assets Under Management (AUM) Despite the challenging economic environment, we see
of RM50.1 million as at 31 December 2023. opportunities in our investment which can generate stable
recurring income while mitigating the inherent risk.
Investment Income Profit Before Tax
(RM Million) (RM Million)
11.1 11.0 10.2 5.5 OUTLOOK & STRATEGY

We expect business and economic activities to
-0.9% -46.1% remain soft given continuing external headwinds.
We will exercise greater prudence and remain vigilant
in the face of uncertainties and downside risks.
We will continue to focus on our existing portfolio,
while keeping an eye out for viable, potential
investments and opportunities to build our Islamic
During the fiscal year under review, MVSB had registered private equity portfolio including via potential
a lower profit before tax of RM5.5 million from partnership or collaboration with other private equity
RM10.2 million mainly due to increase in the management firms.
fee expenses.

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