Bank Muamalat is a leading Islamic bank, established on 1 October 1999, and is governed by Islamic Financial Services Act 2013 (IFSA).As a full-fledged Islamic financial institution, the bank offers its customers a broad range of services, meeting the needs of both individuals and institutions. In essence, Bank Muamalat provides individuals with services ranging from deposit accounts and asset management to financing needs such as for automobiles, homes as well as for personal use. The bank similarly offers corporate and institutional customers the full product assortment of a leading corporate and investment bank, from cash management, payment solutions including trade and export finance to international foreign exchange, financing and capital market transactions. Bank Muamalat has presence nationwide via a network of almost 69 branches, in addition to its electronic channel, encompassing i-Muamalat, the bank’s internet banking solution, and e-Muamalat, available at almost 240 locations, referring to its network of ATMs, CDMs, and CDTs. Bank Muamalat is a member of the DRB-HICOM Berhad Group where the public listed company owns 70% of the bank’s shares with the remaining stake held by Khazanah Nasional Berhad, the nation’s investment arm. Bank Muamalat is a member of Perbadanan Insurans Deposit Malaysia.
