Page 64 - Bank Muamalat_AR24

62 BANK MUAMALAT MALAYSIA BERHAD

RETAIL BANKING

Wealth Creation & Accumulation

Muamalat Gold-i Gold Sales
(RM Million)
• Gold investment remains a key focus for the Bank, with the Muamalat Gold-i
Account (MG-i) continuing its strong growth. Total gold sales in FY2024 300 269.1
surged to 719.4 kg (RM269.1 million), a significant increase compared 250
to FY2023’s 482.2 kg (RM147.7million).
200 147.7
The remarkable surge in gold sales underscores its enduring appeal as a 150
safe-haven asset, with investors turning to gold as a hedge against economic
volatility and geopolitical uncertainties. 100
50
-
FY2023 FY2024

Unit Trust Unit Trust Sales
(RM Million)
• Unit Trust sales performance in FY2024 presented a mixed trend, demonstrating
strong growth in managed investment services while experiencing a slight 25 22.20
decline in overall sales: 20.10
20
- Private Managed Account (PMA) sales reached RM8 million, reflecting a 25%
increase from RM6.4 million in the previous year. 15
- Overall Unit Trust sales amounted to RM20.1 million, reflecting a 9.5% decline 10
from RM22.2 million in FY2023.
5
• While overall Unit Trust sales saw a marginal decline, the substantial growth
in Private Managed Accounts signals a clear shift toward structured, professionally - FY2023 FY2024
managed investment solutions, reflecting evolving investor confidence in
expert-driven portfolio strategies.