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Topic: Effect of Covid19 Toward Bank Islam Malaysia Berhad (BIMB) Profitability

Bank Islam Malaysia Berhad (BIMB) saw a decline in profits in 2020 due to the Covid-19 pandemic. BIMB offered moratoriums to customers which resulted in a loss of RM97.8 million for the bank. BIMB's net profit decreased from RM208.38 million in 2019 to RM135.81 million in 2020 while revenue fell slightly from RM1.38 billion to RM1.33 billion over the same period. The moratorium offered by BIMB to assist customers during the pandemic significantly impacted the bank's 2020 financial performance.

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258 views

Topic: Effect of Covid19 Toward Bank Islam Malaysia Berhad (BIMB) Profitability

Bank Islam Malaysia Berhad (BIMB) saw a decline in profits in 2020 due to the Covid-19 pandemic. BIMB offered moratoriums to customers which resulted in a loss of RM97.8 million for the bank. BIMB's net profit decreased from RM208.38 million in 2019 to RM135.81 million in 2020 while revenue fell slightly from RM1.38 billion to RM1.33 billion over the same period. The moratorium offered by BIMB to assist customers during the pandemic significantly impacted the bank's 2020 financial performance.

Uploaded by

Luqmanulhakim Johari
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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You are on page 1/ 7

Present by :

LUQMANUL HAKIM BIN JOHARI


2020977427

Topic : Effect of
Covid19 toward
Bank Islam
Malaysia Berhad
(BIMB) profitability.
-Bank Islam Malaysia Berhad is an Islamic bank based in Malaysia that has
been in operation since July 1983. Bank Islam was established primarily to
assist the financial needs of the country's Muslim population, and extended
1.Introduction its services to the broader population. The bank currently provides Shariah-
compliant card services and mobile banking.

-Bank Islam was set up with an initial authorised capital of RM 500 million
and paid in capital of RM 79.9 million; the bank has gradually increased its
authorised and paid-in capital to RM 2 billion and RM 563 million respectively.
2. Content Of Article

In 2020, Covid 19 pandemic affected many corporate and


business due to the closure of business activity in consequences of quarantine measures. Bank Islam Malaysia Berhad (BIMB) was one of the Islamic institutions that affected by this pandemic. Moratorium that
offer by BIMB is the main contribution for the loss in 2020.

Effect towards financial performance.

NET PROFIT 2019 2020


Before/Pre Moratorium After/Post Moratorium
RM208.38 million RM135.81 million

Revenue 2019 Revenue 2020

RM1.38 billion RM1.33 billion


Effect towards financial performance.

Profit before zakat and taxation Profit before zakat and taxation
(PBZT)2019 (PBZT)2020
RM403.823 million RM137.3 million

Total gross impaired financing 2019 Total gross impaired financing 2020

RM541.4 million RM328.9 million

NET SHARE PER SHARE 2019 NET SHARE PER SHARE 2020

RM3.34 RM3.64
1Moratorium: A Case of Ijarah
Financing Facility Moratorium
1
A moratorium period is the time during a
loan term when the borrower is not
required to make any repayment. It is a
Period of Moratorium waiting period before which repayment of
= April 2020 – September EMIs resumes. Normally, the repayment
2020. (6 months) begins after the loan is disbursed and the
payments have to be made every month.
BIMB
MORATORIUM.
Amount loss due to Covid 19
moratorium
= The moratorium
= RM97.8 million.
package is offered to
both customers in
financial difficulty
(mu‟sir) and customers
=Open to all BIMB who do not face
customer who need financial difficulties
financial relief.
(musir)..

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insurance is to provide
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3. Indemnity: The principle of
between 2. Scope = Scope is unlimited
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applied to wagering contract.
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happen at all except in life
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5.Protection = insurances
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4. Conclusion

In conclusion , many Islamic financial institution suffer due to Covid


19 included Bank Islam Malaysia Berhad (BIMB). The implication of
moratorium assistance made by BIMB is a major reason of profit
decline in 2020. Hence, BIMB need to take few step to recover from
this pandemic.

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