Company Overview of Bank Muamalat Malaysia Berhad
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, ...
21 Jalan Melaka
Kuala Lumpur, 50100
Key Executives for Bank Muamalat Malaysia Berhad
Chief Executive Officer and Executive Director
Executive Vice President of Finance Division
Executive Vice President of Credit Management Division
Executive Vice President of Strategic Liaison
Compensation as of Fiscal Year 2016.
Bank Muamalat Malaysia Berhad Key Developments
Bank Muamalat Inks MOA with DRB-Hicom University of Automotive Malaysia to Develop Executive Leadership Programme
Dec 21 16
Bank Muamalat Malaysia Berhad (Bank Muamalat) and DRB-HICOM University of Automotive Malaysia (DRB-HICOM University) inked a Memorandum of Agreement (MoA) to jointly develop an Executive Leadership Programme (ELP) for the employees of Bank Muamalat. The ELP combines DRB-HICOM University's postgraduate studies with leadership training to produce well-rounded executives, ready to assume leadership positions within Bank Muamalat. DRB-HICOM University will provide Bank Muamalat's executives with holistic, customised, continuous and professional learning courses through the Master of Business Administration, Master of Management and Doctor of Philosophy graduate programmes. Under the MoA, DRB-HICOM University will design, develop and facilitate various competency-based as well as academic programmes for Bank Muamalat. This initiative is part of the bank's efforts to springboard their human capital capability and performance, and includes all levels of staff.
Bank Muamalat Reportedly Seeks Investor
Sep 10 16
Bank Muamalat Malaysia Berhad is seeking a new investor. Because of tight capital Bank Muamalat is seeking a new investor to assist with its lending expansion. A number of potential suitors have lined up domestically and from abroad, including PT Bank Rakyat Indonesia (Persero) Tbk (JKSE:BBRI), according to The Jakarta Post’s sources who wished to remain anonymous because of the sensitivity of the issue. Kontan reported that BRI finance director Haru Koesmahargyo declined to comment on the matter and he did not answer phone calls or reply to text messages sent by The Jakarta Post.
Bank Muamalat Malaysia Bhd Announces Earnings Results for the Financial Year Ended March 31, 2016
Jun 13 16
Bank Muamalat Malaysia Bhd announced earnings results for the financial year ended March 31, 2016. For the year, the company’s pre-tax profit for financial year ended March 2016 rose by 36.9% to MYR 167.2 million from MYR 122 million previously. Its total revenue increased to MYR 1.21 billion from MYR 1.07 billion in the same period last year, largely due to the 18.7% growth in financing income while total overheads were cut by 8.5% to MYR 345.1 million from MYR 377.2 million in the previous corresponding year. The company said that the improved performance was underpinned by a steady growth in revenue, driven by growth in gross financing and other operating income as well as the company’s continuous effort in managing yields of its portfolios.
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