July 26, 2014 3:28 AM ET


Company Overview of Bank Muamalat Malaysia Berhad

Company Overview

Bank Muamalat Malaysia Berhad provides Islamic banking and related financial services in Malaysia. Its consumer banking products include deposits, such as savings, current, and general accounts; financing products comprising mortgage, home financing, shophouse financing, land financing, personal financing, hire purchase, and vehicle financing products; and wealth management, Internet and electronic banking, and other services. The company’s wholesale banking products consist of corporate banking products that include financing and trade finance products; investment banking products, such as Islamic capital market instruments, and corporate advisory and consultancy services; treasury and capi...

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 2014.

Bank Muamalat Malaysia Berhad Key Developments

Hicom Yet To Select Buyer For 30% Stake In Bank Muamalat Malaysia

DRB-HICOM Berhad (KLSE:DRBHCOM) has yet to select a new partner for its 30% stake divestment in Bank Muamalat Malaysia Berhad, Group Managing Director Mohd Khamil Jamil said.

DRB Seeks To Sell Stake In Muamalat

DRB-HICOM Berhad (KLSE:DRBHCOM) is planning to sell its 30% stake in Bank Muamalat Malaysia Berhad. Tan Sri Mohd Khamil Jamil, Managing Director of DRB said that the dilution of stake in Muamalat is a prolonged process as the conglomerate is looking into a strategic partnership or an exercise that could add value and increase the bank's penetration into the financial business in Malaysia. “Currently, we are talking with not only one, but a few companies, which we will soon zoom in only one party that could give the best price," he added.

AMMB Denies Plans To Acquire Bank Muamalat

AMMB Holdings Berhad (KLSE:AMBANK) denied plans to acquire Bank Muamalat Malaysia Berhad. Managing Director of AMMB, Ashok Ramamurthy denied reports stating: "We don't typically comment on every single piece of speculation that we hear, but at the moment we have no plans to do anything beyond what we have said to the marketplace, and that continues to be our position."

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