Bank Muamalat Malaysia

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Bank Muamalat Malaysia
Type subsidiary
Industry Finance
Founded 1 October 1999
Headquarters Kuala Lumpur, Malaysia
Key people YM Tengku Dato’ Hasmuddin Tengku Othman
Dato’ Ismail Shahudin,
Chairman
Products Financial Services
Website Bank Muamalat

Bank Muamalat Malaysia Berhad started its operations on October 1, 1999 with a combined assets and liabilities brought over from the Islamic banking windows of the then Bank Bumiputra Malaysia Berhad, Bank of Commerce (M) Berhad and BBMB Kewangan.

Bank Muamalat Malaysia Berhad, the second full-fledged Islamic bank to be established in Malaysia after Bank Islam Malaysia Berhad, is poised to play its role in providing Islamic banking products and services to Malaysians, without regard to race or religious beliefs.

DRB Hicom holds 70% shares in the Bank while Khazanah Nasional Berhad holds the remaining shares.

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