Page 193 - Bank Muamalat_AR24

ANNUAL REPORT 2024 1 2 3 4 5 6 7 Our Numbers 8 191

ZAKAT OBLIGATIONS

The Bank pays zakat on its business to the state zakat authorities based on the growth model method as approved by the Shariah
Committee. The Bank does not pay zakat on behalf of the shareholders or depositors, unless upon request by the shareholders or
depositors.

For the year ended 31 December 2024, the Group and the Bank have allocated an amount of RM8.9 million and RM8.7 million
respectively, as provision for zakat on its business.

AUDITORS AND AUDITORS’ REMUNERATION
The auditors, KPMG PLT, have indicated their willingness to accept re-appointment.

The auditors’ remuneration related to the statutory audit of the Group and of the Bank for the financial year is RM965,000 and
RM945,000 respectively.

Signed on behalf of the Board in accordance with a resolution of the Board of Directors dated 27 March 2025.

Tan Sri Tajuddin Atan, FCB Roshidah Abdullah
Chairman Director

Kuala Lumpur, Malaysia