OUTLOOK As we look toward the coming year, Bank Islam remains optimistic about future opportunities. Our proactive stance and strategic planning positions us well to navigate the evolving economic landscape, ensuring we continue to grow responsibly and sustainably. The Malaysian economy is expected to show resilience in 2024, building on a recovery momentum that a quicker-thananticipated resurgence in the tourism sector. With the Overnight Policy Rate (OPR) projected to stay at 3.0% into 2024 and a stable inflation outlook, the financial environment appears conducive to steady growth. Additionally, government initiatives like the New Industrial Master Plan (NIMP) 2030 and the National Energy Transition Roadmap (NETR) are set to invigorate the economy further. These initiatives aim to transform key industrial sectors and align Malaysia’s energy consumption with global sustainability standards, fostering growth and attracting investment in green energy, which aligns with the nation’s commitment under the Paris Agreement. In response to this landscape, Bank Islam’s approach will be multifaceted. We intend to align our strategies with the nation’s economic and environmental goals, mainly focusing on sectors identified for growth and sustainability. We will emphasise adapting our products and services to meet the demands of a changing market, enhancing our digital capabilities, and investing in the skills and technologies necessary for the future. This approach aims to capture strategic opportunities presented by Malaysia’s economic policies and green initiatives. It ensures that our growth is aligned with our core values of responsible and ethical banking. Our focus for 2024 emphasises on growth, asset quality, liquidity and funding management, and profitability to lead Malaysia’s Islamic banking sector. ACKNOWLEDGMENT I wish to take this opportunity to thank all our stakeholders who have been instrumental in our success and progress all these years. First, I must commend our dedicated employees, the backbone of Bank Islam, who demonstrate unwavering dedication and commitment. Our heartfelt appreciation also goes to our astute Board of Directors whose insightful guidance and unwavering dedication has been instrumental in steering us toward our strategic objectives. We are equally grateful to our shareholders, whose steadfast confidence and support have been pivotal to our journey and success. Furthermore, our collaborative relationship with regulators, particularly Bank Negara Malaysia (BNM), has been invaluable. We are thankful for their supportive and constructive role in fostering a positive and progressive financial ecosystem. Most importantly, we sincerely thank all other stakeholders who have significantly shaped our journey. As we embark on the next phase of our journey, our commitment to delivering value and upholding your trust in Bank Islam remains resolute. We look forward to continuing this journey together with you, fostering prosperity for all. DATO’ MOHD MUAZZAM MOHAMED Group Chief Executive Officer We will emphasise adapting our products and services to meet the demands of a changing market, enhancing our digital capabilities, and investing in the skills and technologies necessary for the future. 25 1 2 3 4 5 6 7 8 9 www.bankislam.com KEY MESSAGES
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