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 2023. PRINCIPAL ACTIVITY 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 2023. SUBSIDIARIES The details of the Bank’s subsidiaries are disclosed in Note 13 to the financial statements. RESULTS Group Bank RM’000 RM’000 Profit before zakat and tax 746,829 828,248 Zakat and tax expense (193,779) (193,218) Profit for the year 553,050 635,030 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 2022: Second Interim dividend of approximately 3.40 sen per ordinary share paid on 12 May 2023 76,296 In respect of the financial year ended 31 December 2023: First interim dividend of approximately 12.59 sen per ordinary share paid on 12 January 2024 285,349 361,645 247 1 2 3 4 5 6 7 8 9 www.bankislam.com FINANCIAL STATEMENTS Directors’ Report for the financial year ended 31 December 2023
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