June 22, 2017 9:23 AM ET

Banks

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

Malaysia

Phone:

60 3 2698 8787

Key Executives for Bank Muamalat Malaysia Berhad

Chief Executive Officer and Executive Director
Executive Vice President of Finance Division
Chief Operating Officer
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

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

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

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.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
The Advertising Council, Inc. United States
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Bank Muamalat Malaysia Berhad, please visit www.muamalat.com.my. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.