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Bank Islam Malaysia Bhd
KLSE:BIMB

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Bank Islam Malaysia Bhd
KLSE:BIMB
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Price: 2.44 MYR Market Closed
Market Cap: 5.5B MYR

Bank Islam Malaysia Bhd
Investor Relations

Bank Islam Malaysia Berhad, a pioneer in Islamic finance, emerged from the roots of Malaysia's vibrant banking sector in the early 1980s. Established with the vision of creating a banking system that aligns with Islamic values, the bank has grown into a formidable financial entity by incorporating principles such as the prohibition of interest-based transactions and investments in harmful industries. By offering products that adhere to Shariah-compliant contracts, Bank Islam caters to a diverse clientele, including individual customers, corporate entities, and SMEs. Its array of financial solutions spans personal and corporate financing, deposits, wealth management, and digital banking services, ensuring its offerings are as competitive and comprehensive as traditional banking counterparts.

Revenue generation at Bank Islam hinges on various innovative financial structures that replace conventional interest mechanisms. Through profit-sharing and partnership-based products, such as Mudarabah (profit sharing) and Musharakah (joint venture), the bank effectively aligns the interests of both the institution and its clients. These instruments are augmented by Ijarah (leasing) and Murabaha (cost-plus financing) agreements, which facilitate commerce and asset acquisition while ensuring compliance with Islamic law. Additionally, Bank Islam has embraced digital transformation, leveraging technology to enhance accessibility and efficiency in its services. By maintaining its commitment to ethical banking practices while simultaneously embracing modern financial innovations, Bank Islam has successfully carved a niche in the competitive landscape of Malaysia’s banking industry.

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Earnings Calls

No Earnings Calls Available

Management

Mr. Mohd Muazzam Mohamed C.A.
Group Chief Executive Officer
No Bio Available
Mr. Azizan Abd Aziz C.A.
Group Chief Financial Officer
No Bio Available
Mr. Mohamed Iran Moriff Mohd Shariff
Group Chief Operating Officer
No Bio Available
Ms. Maria Mat Said
Group Chief Legal Officer & Company Secretary
No Bio Available
Mr. Nik Azmir Nik Anis
Group Chief Compliance Officer and Group Chief Integrity & Governance Officer
No Bio Available
Ms. Wan Norkhairi Wan Samad
Head of Group Corporate Communications
No Bio Available
Mr. Iskandar Shah Zulkarnain
Group Chief Human Resources Officer
No Bio Available
Mr. Mohd Nazri Chik
Group Chief Social Finance Officer
No Bio Available
Mr. Mizan Masram
Group Chief Business Officer of Retail Banking
No Bio Available
Ms. Alina Sylvia Appoo
Group Chief Risk Officer
No Bio Available

Contacts

Address
WILAYAH PERSEKUTUAN
KUALA LUMPUR
Level 32, Menara Bank Islam, No. 22, Jalan Perak
Contacts