Bank Islam announces resignation of Group Chief Executive Officer 

SHAH ALAM – The Board of Directors of Bank Islam Malaysia Berhad (Bank Islam) has announced the resignation of its Group Chief Executive Officer (GCEO), Datuk Mohd Muazzam Mohamed effective January 7, 2026.

In making the announcement, 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, management and all my colleagues at Bank Islam,” he said in a media statement.

Meanwhile, Bank Islam Chairman Tan Sri Dr Ismail Bakar said Muazzam had played a vital role in shaping Bank Islam into the strong and resilient institution it is today.

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

Muazzam decided to step down after more than 10 years of dedicated service, including seven years as GCEO.

His last day of service at Bank Islam will be on Dec 12.

Following his departure, Bank Islam’s Group Chief Business Officer (Retail Banking), Mizan Masram, will assume the role of officer-in-charge to ensure a smooth transition, effective Dec 13.

Muazzam will serve his notice period and continue to support Mizan during the transition process.

Since assuming the GCEO role in 2018, Muazzam has led Bank Islam through an important phase of digital transformation and growth, revamping its comprehensive services by integrating technology with Islamic finance principles.

He spearheaded the group’s digital transformation strategy, including implementing electronic payment initiatives and launching Be U, the nation’s first cloud-native mobile banking app.

This digital transformation has strengthened business resilience and transformed how Bank Islam serves its customers.

Muazzam also played a key role in the group’s strategic direction, balance sheet, capital management and market positioning.

He led a major group restructuring in October 2021, which saw Bank Islam take over the listed status from its holding company, becoming the only Islamic bank listed on Bursa Malaysia’s Main Market.

The group was recognised as one of the Top 50 Asean Publicly Listed Companies under the Asean Corporate Governance Scorecard Regional Assessment during the Asean Corporate Governance Awards held in August this year.

Today, the group’s total assets exceed RM100 billion, up from RM64 billion in 2018, reflecting a strong capital position and continued financial resilience.

The Board of Directors has commenced a formal search process to identify a suitable successor to lead the group into its next phase of growth.

An announcement regarding the new GCEO will be made upon obtaining regulatory approval.