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September 02, 2015 3:52 PM ET


Company Overview of Bank Muamalat Malaysia Berhad

Company Overview

Bank Muamalat Malaysia Berhad provides Islamic banking and related financial services in Malaysia. It operates through three segments: Business Banking, Consumer Banking, and Treasury and Investment Banking. The Business Banking segment provides various products and services, including long-term financing, such as project financing; short-term credit comprising Muamalat cash line and trade financing; and fee based services that include cash management services to business customers in large corporates, public sector, and commercial enterprises. The Consumer Banking segment offers savings accounts, current accounts, general investment accounts, remittance services, Internet banking services, ...

Ibu Pejabat

Menara Bumiputra

21 Jalan Melaka

Kuala Lumpur,  50100



60 3 2698 8787

Key Executives for Bank Muamalat Malaysia Berhad

Chief Executive Officer and Director
Executive Vice President of Finance Division
Deputy Chief Executive Officer
Chief Risk Officer
Executive Vice President of Credit Division
Compensation as of Fiscal Year 2015.

Bank Muamalat Malaysia Berhad Key Developments

Manulife Indonesia and Bank Muamalat Launch Zafirah Save Link, New Sharia-Compliant Plan

Manulife Indonesia and Bank Muamalat have announced the launch of Zafirah Save Link, a sharia-compliant, unit-linked plan. Zafirah Save Link is the first product launched under their Bancassurance brand 'Zafirah'. Zafirah Save Link is a unit-linked life insurance product with a focus on saving regularly for a secure future. It is designed for those who seek insurance protection under sharia principles and invest in sharia compliant funds. The launch of Zafirah Save Link is part of Bank Muamalat's continuing effort to provide customers with a comprehensive range of products and services which meet their financial needs. Zafirah Save Link is an investment and insurance product that provides optimal yield and optimal protection. There are plan options that meet every customer's need for insurance coverage. There are varying options in terms of the size of the sum assured as well as additional protection riders. Customers will also have the flexibility to choose investment funds that match their long-term investment plans and meet their individual risk profile.

Malaysia Building Says No Consent For Merger Talks

Malaysia Building Society Bhd (KLSE:MBSB) announced that it was not aware of any official consent or otherwise from the central bank regarding merger talks with Bank Muamalat Malaysia Berhad. The New Straits Times had reported Malaysia Building Society had obtained the central bank's nod to talk to Bank Muamalat for a merger. Shares of Malaysia Building Society ended 1.1% lower.

Malaysia Building Society Reportedly Gets Central Bank's Nod In Merger Talks With Bank Muamalat

Malaysia Building Society Bhd (KLSE:MBSB) has verbally obtained the central bank's nod to talk to Bank Muamalat Malaysia Berhad about a possible merger, New Straits Times reported on August 5, 2015, citing sources. Officials at Malaysia Building Society were not immediately available to comment when contacted by Reuters.

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