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184 BANK MUAMALAT MALAYSIA BERHAD
DIRECTORS’ REPORT
In the name of Allah, The Most Beneficent, The Most Merciful
The Directors have pleasure in submitting their report together with the audited financial statements of Bank Muamalat Malaysia
Berhad (“the Bank”) and its subsidiaries (together referred to as “the Group”) for the financial year ended 31 December 2024.
PRINCIPAL ACTIVITIES
The Bank is principally engaged in Islamic banking business and the provision of related financial services. The principal activities
of the subsidiaries are disclosed in Note 11 to the financial statements.
There has been no significant change in the nature of these activities during the financial year.
IMMEDIATE AND ULTIMATE HOLDING COMPANY
The immediate holding and ultimate holding companies of the Bank are DRB-HICOM Berhad and Etika Strategi Sdn. Bhd.
respectively, both of which are incorporated in Malaysia. DRB-HICOM Berhad, is a public limited liability company listed on the
Main Market of Bursa Malaysia Securities Berhad. DRB-HICOM Berhad holds 70% of the Bank’s shares, whilst the remaining
30% is held by Khazanah Nasional Berhad.
SUBSIDIARIES
The details of the Bank’s subsidiaries are disclosed in Note 11 to the financial statements.
RESULTS
Group Bank
RM’000 RM’000
Profit before zakat and taxation 129,316 128,554
Zakat (8,825) (8,576)
Taxation (34,350) (32,414)
Profit for the year 86,141 87,564
In the opinion of the Directors, the results of the operations of the Group and of the Bank during the financial year have not been
substantially affected by any item, transaction or event of a material and unusual nature.
RESERVES AND PROVISIONS
There were no material transfers to or from reserves or provisions during the financial year other than as disclosed in the financial
statements.
DIVIDENDS
No dividend has been paid or declared by the Bank since the end of the previous financial year. The Directors do not recommend
the payment of any dividend in respect of the current financial year.
