KUALA LUMPUR, Oct 21 (Bernama) -- Bank Muamalat Malaysia Berhad wishes to announce the appointment of Encik Khairul Bin Kamarudin as its new Chief Executive Officer, effective 1^st November 2019 to replace Dato’ Haji Mohd Redza Shah Abdul Wahid who is retiring.
 
Encik Khairul has been the Deputy Chief Executive Officer (DCEO) of Bank Muamalat Malaysia Berhad for the last eight months.
 
He has a Law Degree from Anglia Ruslin University, United Kingdom. He is also a Member of the Chartered Institute of Islamic Finance (CIIF).
 
Encik Khairul bin Kamarudin brings with him 22 years of experience in the financial industry, of which 14 years were with Bank Islam Malaysia Berhad (BIMB). He was Chief Executive Officer (CEO) of BIMB (July 2017 to August 2018) and former CEO of BIMB Holdings Berhad (June 2017 to August 2018). During his tenure with BIMB and prior to his appointment as the CEO he held the positions of Deputy CEO, Director of Business Development, Head of Consumer Banking and Head of Special Recovery.
 
Encik Khairul’s Islamic Banking and Finance Industry experience includes being Director of BIMB Investment Berhad, Board Member of IAP (Investment Account Platform), Board Member of Islamic Banking and Finance Institute Malaysia (IBFIM), Board Member of Majlis Agama Islam Wilayah Persekutuan (MAIWP).
 
Before joining BIMB he was with Pengurusan Danaharta Nasional Berhad for 5 years.  Encik Khairul started his career as an Audit Senior with PriceWaterhouseCoopers Malaysia (Assurance & Business Advisory Services, Banking & Financial Services Group).

Said Bank Muamalat Chairman Tan Sri Dato’ Dr. Munir Majid: “The Bank welcomes En. Khairul Kamarudin who comes with very good Islamic Banking credentials and looks forward to his steering the institution in the next phase of its development in an increasingly challenging environment.”
 
“I would also like to express our gratitude to Dato’ Redza, who served the Bank with distinction for the past 11 years, from trying times to establishing a strong foundation for its future progress.”

About Bank Muamalat Malaysia Berhad
 
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, asset management, financing needs for automobiles, homes and personal use as well as wealth management products such as family and general takaful, investments, Islamic estate planning to non-financial products such as Islamic funeral management, Quranic learning and halal tours. The Bank offers corporate and institutional customers the full product range 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 65 branches, in addition to its electronic channel, encompassing i-Muamalat, the Bank’s internet banking solution, and e-Muamalat, available at almost 240 locations, through to its network of ATMs, CDMs, and CDTs. 
 
Bank Muamalat is a member of the DRB-HICOM Berhad Group which owns 70% of the Bank’s shares with the remaining stake held by Khazanah Nasional Berhad.
 
Bank Muamalat was officially accepted as a member of Global Alliance for Banking on Values (GABV) on 15 November 2017. Signaling a growing appetite for the values-based banking movement, Bank Muamalat is the first Islamic bank in the world and the first in Southeast Asean region to be accepted as a member of GABV.

Issued by Corporate Communications Department of Bank Muamalat Malaysia Berhad

SOURCE: Bank Muamalat Malaysia Berhad

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Puan Saidatul Leiza
Tel: 011-1061 5266
Email: leiza@muamalat.com.my

--BERNAMA