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 2024. 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 have been no significant changes in these principal 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 2024. 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 773,125 772,036 Zakat and tax expense (202,041) (200,817) Profit for the year 571,084 571,219 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 2023: Second Interim dividend of approximately 4.22 sen per ordinary share paid on 5 April 2024 95,645 In respect of the financial year ended 31 December 2024: First interim dividend of approximately 11.00 sen per ordinary share paid on 10 January 2025 249,312 344,957 265 w w w . b a n k i s l a m. c o m 01 02 03 04 05 06 07 08 FINANCIAL STATEMENTS 09 Directors’ Report for the financial year ended 31 December 2024
RkJQdWJsaXNoZXIy NDgzMzc=