The Directors have pleasure in submitting their report and the audited financial statements of the Group and of the Bank for the financial year ended 31 December 2022. PRINCIPAL ACTIVITIES The Bank is principally engaged in Islamic banking business and the provision of related services. The principal activities of the subsidiaries are as stated in Note 13 to the financial statements. There has been no significant change in the nature of these activities during the financial year. The address of the registered office of the Bank is Level 32, Menara Bank Islam, No 22, Jalan Perak, 50450 Kuala Lumpur. There was no significant and subsequent event during the financial year ended 31 December 2022. SUBSIDIARIES The details of the Bank’s subsidiaries are disclosed in Note 13 to the financial statements. RESULTS Group RM’000 Bank RM’000 Profit before zakat and tax 746,866 754,392 Zakat and tax expense (255,194) (253,991) Profit for the year 491,672 500,401 RESERVES AND PROVISIONS There were no material transfers to or from reserves or provisions during the financial year under review except as disclosed in the financial statements. DIVIDENDS Since the end of the previous financial year, the amount of dividends paid by the Bank were as follows: RM’000 In respect of the financial year ended 31 December 2021: Interim dividend of approximately 10.93 sen per ordinary share paid on 20 January 2022 226,893 In respect of the financial year ended 31 December 2022: Interim dividend of approximately 10.40 sen per ordinary share paid on 30 January 2023 224,148 451,041 The Directors have proposed a single tier second interim dividend of 3.40 sen per ordinary shares totalling RM76,296,000 for the financial year ended 31 December 2022. Financial Statements 223 01 05 03 07 02 06 09 04 08 Bank Islam Malaysia Berhad Directors’ Report for the financial year ended 31 December 2022
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