Page 74 - Bank Muamalat_AR24

72 BANK MUAMALAT MALAYSIA BERHAD

SUBSIDIARY: MUAMALAT INVEST SDN BHD

Muamalat Invest Sdn. Bhd. (MISB), a wholly-owned

Revenue subsidiary of Bank Muamalat Malaysia Berhad, began its
RM4.09 million fund management operations in 2007 and licensed by

(FY2023: RM3.89 million) the Securities Commission Malaysia as an Islamic Fund
Management Company in 2010. MISB’s primary role is
to serve institutional and high-net-worth investors by
offering a comprehensive range of Shariah-compliant investment management services.
These services span a wide array of capital market products, including discretionary and
non-discretionary mandates, as well as wholesale and retail investment solutions.
The managed portfolios of investments are diversified across various asset classes such
as Islamic money market instruments, equities, and Sukuk. As at end-December 2024,
MISB was managing assets worth approximately RM2.46 billion on behalf of institutional
and retail investors.

Assets Under Management Revenue Profit Before Tax
(RM Million) as at 31 December (RM Million) as at 31 December (RM Million) as at 31 December
5 5 5
3.89 4.09
4 4 4
2.48 2.46
3 3 3
2 2 2
0.80
1 1 1
0.23
- - -
FY2023 FY2024 FY2023 FY2024 FY2023 FY2024

The stock market in general experienced a great year in 2024. This signaled US commitment towards achieving its dual
The bull market was supported by solid economic growth, goals for maximum employment and price stability. Malaysia,
inflation easing, accommodative interest-rates environment on the otherhand, remained steadfast with its decision
and healthy corporate earnings. The FTSE Bursa Malaysia to maintain the Overnight Policy Rate (OPR) at 3.00%
KLCI Index registered 12.90% at the close of the year and throughout the year. The Malaysia’s 10-year sovereign yield
the broader FTSE Bursa Malaysia Shariah gained 14.58% closed at 3.817% by end of 2024, a mere 8 basis points
over the same period. MISB’s retail equity unit trust fund, climb from 3.736% a year earlier. The stable fixed income
Muamalat Invest Islamic Equity Fund (MUIIEF), has continued yield environment contributed to the positive performance
to deliver positive returns to the investors with 13.45% gains of MISB’s sukuk funds, returning investors between 5.00%
in 2024. and 5.56% for 2024. Anchored by a money market focus,
Assets Under Management (AUM) were largely unimpacted
The easing of monetary policy in the US had rendered support by market volatility and remained stable at RM2.46 billion
to its economy and enlightened investors’ sentiment across (RM2.48 billion in 2023). While overall portfolios and
markets. Throughout the year, the US Federal Reserve cut the fund performances across equity and sukuk strategies
interest rate three times with total of 100 basis points, lowering demonstrated mixed results, modest returns were generally
it to 4.25%-4.50% from 5.25%-5.50% at the start of the year. registered.