Bank Islam Malaysia CEO Datuk Mohd Muazzam Mohamed to Step Down

THE Board of Directors of Bank Islam Malaysia Berhad has announced that Group Chief Executive Officer Datuk Mohd Muazzam Mohamed will resign from his post, effective 7 January 2026.

In a statement, Mohd Muazzam described his tenure at Bank Islam as a great honour. “After seven years as GCEO, I believe this is the right time to step down and focus on personal goals. I am deeply grateful for the trust and support of the board of directors, management, and all colleagues at Bank Islam,” he said.

Bank Islam Chairman Tan Sri Dr Ismail Bakar praised Mohd Muazzam for his pivotal role in strengthening the bank into a resilient and robust institution.

“On behalf of the board, we extend our highest appreciation for his service and wish him success in all his future endeavours,” he added.

Mohd Muazzam, who has served the bank for more than ten years, will conclude his service on 12 December.

To ensure a smooth transition, Group Chief Business Officer (Retail Banking) Mizan Masram will assume responsibility for day-to-day operations from 13 December, with Mohd Muazzam providing guidance during the notice period.

Since his appointment as GCEO in 2018, Mohd Muazzam has led Bank Islam through a critical period of digital transformation and growth, overhauling services with integrated technology while upholding Islamic finance principles.

He spearheaded the group’s digital initiatives, including electronic payment systems and the launch of Be U, Malaysia’s first cloud-based mobile banking application.

These initiatives have strengthened business resilience and redefined the bank’s service delivery. Mohd Muazzam also guided strategic direction, balance sheet and capital management, and market positioning.

In October 2021, he led a major restructuring whereby Bank Islam assumed a standalone listing status on the Main Market of Bursa Malaysia, becoming the only listed Islamic bank in the country.

Under his leadership, the group has been recognised among the top 50 publicly listed ASEAN companies in the ASEAN Corporate Governance Scorecard assessment, and its assets have grown from RM64 billion in 2018 to over RM100 billion today, reflecting strong capital and sustained financial resilience.

The Board has commenced an official search for a successor to lead the group into its next phase of growth, with the announcement of a new GCEO to follow regulatory approval. - October 25, 2025