Bank Muamalat Malaysia is one of two independent and domestically-owned Islamic banks in Malaysia.

Bank Muamalat Malaysia Berhad is one of the two independent full-fledged Islamic Financial Institutions in Malaysia. The bank was established on 1st October 1999 from the combination of Islamic Banking division’s assets and liabilities of three local banks, namely Bank Bumiputra Malaysia, Bank of Commerce (Malaysia) and BBMB Kewangan. The shareholders of the bank comprise of DRB-HICOM which holds 70% shares in the bank with Khazanah Nasional Berhad holding the remaining shares.

Being among the pioneer of Islamic banking, the Bank is strongly supported by Shariah’s scholars who are highly qualified and experienced in the Islamic jurisprudence, advising not only in issues pertaining to Shariah products and services but also as advisor to parties that are planning to raise Islamic Capital Issues or other new innovative products.

The bank has a nationwide network of 63 branches, a kiosk and an offshore Labuan branch that provides wide range of Islamic banking products and services including foreign currency deposits, investment accounts, foreign exchange trading, working capital financing, trade financing, project and contract financing, venture capital and Islamic capital market services to both Malaysians and foreigners.

The Bank is a member of Global Alliance for Banking Values (GABV), an independent network of banks and banking cooperatives worldwide operating under the “Principles of Sustainable Banking”. GABV focuses on the returns of real economy and acts as financial intermediary to support social and environmental impacts. Bank Muamalat Malaysia Berhad is the first Islamic Bank to be accepted as its member.

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