Bank Muamalat clinches top Islamic Retail Bank and CEO Award at IRBA 2023

Bank Muamalat Malaysia Bhd president and chief executive officer Khairul Kamarudin (centre).

KUALA LUMPUR: Bank Muamalat Malaysia Bhd has won the "Most Improved Islamic Retail Bank in Malaysia 2023" and "IRBA CEO of the Year 2023" awards at the prestigious 9th Islamic Retail Banking Awards (IRBA) 2023 Ceremony held in Manama, Bahrain.

The "Most Improved Islamic Retail Bank in Malaysia 2023" award was conferred following comprehensive global ranking research conducted by the Cambridge Institute of Islamic Finance, in collaboration with Hamdan Mohamed Smart University, Dubai, United Arab Emirates (UAE).

Bank Muamalat president and chief executive officer Khairul Kamarudin said: "We are grateful to be recognised as the 'Most Improved Islamic Retail Bank in Malaysia. It is a testament to Bank Muamalat's commitment to making Islamic financing accessible to all Malaysians, ensuring all can achieve 'Better lives, together.”

“Beyond profit, our success is measured by the impact of our growth in digitalisation and innovative Shariah solutions while putting customer satisfaction at the heart of our operations. This award is not possible without the trust of our customers, continuous guidance from our Board members and support from the entire team at Bank Muamalat.

Khairul hopes the achievement will propel the bank to even more success in its journey to become the strongest Islamic bank in Malaysia.

"I am honored to receive the 'IRBA CEO of the Year 2023' award. This recognition is meant for our customers and the true heroes of Bank Muamalat, the employees, for their outstanding dedication and hard work. It is our collective commitment to advancement that makes a positive difference."

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Bank Muamalat , CEO , Khairul Kamarudin


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