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Bank Muamalat's Overview

Total employees2184
HeadquartersKuala Lumpur
Founded

Bank Muamalat Malaysia Berhad, established on October 1, 1999, is one of Malaysia's premier Islamic banks. It operates under Islamic banking principles, offering a diverse portfolio of Shariah-compliant financial products and services. These include consumer banking (deposits, financing, credit cards), business and corporate banking (SME financing, trade finance, cash management), investment banking, and wealth management solutions. The bank is committed to ethical practices, community development, and providing innovative financial solutions that cater to the evolving needs of its customers, ranging from individuals and small-medium enterprises (SMEs) to large corporations. Bank Muamalat strives to be the preferred Islamic financial institution, contributing to the growth of the Islamic finance industry in Malaysia.

Where is Bank Muamalat's Headquarters?

HQ Function

Serves as the central hub for the bank's strategic planning, corporate governance, core operations management, and decision-making processes for its nationwide network.

Notable Features:

Located in Menara Bumiputra, a well-known office tower in Kuala Lumpur's city center, offering modern office facilities and excellent accessibility via public transportation.

Work Culture:

Fosters a professional and ethical work environment guided by Islamic principles, emphasizing teamwork, customer-centricity (Ihsan), integrity (Amanah), and continuous improvement. Employees are encouraged to contribute to the bank's mission with professionalism (Itqan) and a pioneering spirit (Hikmah).

HQ Significance:

The headquarters represents the bank's core identity and commitment to the Malaysian financial landscape, serving as the nerve center for its operations, innovation, and growth strategies.

Values Reflected in HQ: The operations and environment at the HQ aim to reflect the bank's core values of integrity (Amanah), customer focus (Ihsan), professionalism (Itqan), and pioneering spirit (Hikmah) in serving the community.

Location:

Bank Muamalat Malaysia Berhad primarily focuses its operations within Malaysia, serving the domestic market with a comprehensive network of branches and digital banking solutions across the nation. While its core business is centered on Malaysia, it engages in international trade finance and correspondent banking relationships to support its customers' global business activities. The bank does not currently operate overseas branches or subsidiaries but plays a role in facilitating international transactions and financial services for its Malaysian clientele with international dealings.

Street Address:

Menara Bumiputra, 21, Jalan Melaka

City:

Kuala Lumpur

State/Province:

Wilayah Persekutuan Kuala Lumpur

Country:

Malaysia

Bank Muamalat's Global Presence

Johor Bahru, Johor, Malaysia

Address: No. 22 & 24, Jalan Molek 1/29, Taman Molek, 81100 Johor Bahru, Johor

Serves the local community and businesses in Johor Bahru, a key economic hub, facilitating access to Shariah-compliant financial solutions and supporting regional economic development.

George Town, Pulau Pinang, Malaysia

Address: No. 42, Lebuh Bishop, 10200 George Town, Pulau Pinang

Supports the financial needs of the diverse population and businesses in the historical and economically significant state of Penang, contributing to local financial inclusion and enterprise growth.

Kota Kinabalu, Sabah, Malaysia

Address: Lots G29 & G30, Ground Floor, Wisma Merdeka Phase 1, Jalan Tun Razak, 88000 Kota Kinabalu, Sabah

Facilitates access to Shariah-compliant financing and banking services in Kota Kinabalu, supporting economic activities, entrepreneurship, and financial well-being in the state of Sabah.

Buying Intent Signals for Bank Muamalat

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Executive Team of Bank Muamalat

As of April 2025, Bank Muamalat' leadership includes:

Khairul Kamarudin - President & Chief Executive Officer
Mohd Rithauddeen Makip - Chief Financial Officer
Zury Rahimee Zainal Abiden - Chief Operating Officer
Shamsunnar Abdul Sukor - Chief Risk Officer
Hazwany Morshidi - Chief Human Capital Officer

Investors of Bank Muamalat

Bank Muamalat has been backed by several prominent investors over the years, including:

DRB-HICOM Berhad
Khazanah Nasional Berhad

Executive New Hires/Exits in the Last 12 Months

Hire2
Exits1

Bank Muamalat Malaysia Berhad has experienced key leadership changes in the past year, notably the appointment of a new Chief Financial Officer and a new Head of Compliance, reinforcing its senior management team.

Departures

Lizaahanim Mohd Akbar, Lizaahanim Mohd Akbar resigned as Chief Financial Officer, with Mohd Rithauddeen Makip appointed as her successor.

New Appointments:

Mohd Rithauddeen Makip, Mohd Rithauddeen Makip appointed as new Chief Financial Officer to helm the bank's financial strategies and operations.
Nor Hamidah Abu Bakar, Nor Hamidah Abu Bakar appointed as Head, Compliance, to oversee and strengthen the bank's compliance framework.

Technology (Tech Stack) used by Bank Muamalat

Discover the tools Bank Muamalat uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

Bank Muamalat Email Formats and Examples

Bank Muamalat Malaysia Berhad likely uses standardized email formats for its employees, common in corporate environments. These formats usually combine parts of an employee's name with the company domain, 'muamalat.com.my'.

[first_initial][last_name]@muamalat.com.my

Format

jdoe@muamalat.com.my

Example

75%

Success rate

News and media

The StarMarch 14, 2024

Bank Muamalat Malaysia Berhad targets 20% to 25% financing growth in 2024

Bank Muamalat Malaysia Bhd is optimistic about achieving a 20% to 25% growth in its total financing portfolio for the financial year ending Dec 31, 2024 (FY2024), driven by consumer and commercial banking segments....more

Malay MailNovember 22, 2023

Bank Muamalat Malaysia Berhad and CGC sign RM50mil portfolio guarantee agreement for SME financing

Bank Muamalat Malaysia Bhd and Credit Guarantee Corp Malaysia Bhd (CGC) have signed a portfolio guarantee agreement valued at RM50 million to enhance financing access for small and medium enterprises (SMEs)....more

The StarOctober 2, 2023

Bank Muamalat Malaysia Berhad appoints Mohd Rithauddeen Makip as new CFO

Bank Muamalat Malaysia Bhd has appointed Mohd Rithauddeen Makip as its new chief financial officer (CFO), effective Oct 1, 2023. He succeeds Lizaahanim Mohd Akbar, who resigned on Sept 30....more

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