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Investor Day
19 March 2013
Muzaffar Hisham
Chief Executive Officer, Maybank Islamic
Head, Group Islamic Banking
Table of Contents
Introduction ………………………………………………………………………… 3
About Maybank Islamic …………………………………………………………… 9
Financial Performance …………………………………………………………… 16
Prospects & Outlook …………………………………………………………… 28
Introduction
What is Islamic Banking?
3
By definition in the Islamic Financial Services Act 2012:
“Islamic banking business” means the business of –
1. Accepting Islamic deposits on current account, deposit account, savings account or
other similar accounts, with or without the business of paying or collecting cheques
drawn by or paid in by customers; or
2. Accepting money under an investment account; and
3. Provision of finance; and
For us in Malaysia, we are guided by the clear regulation of the Islamic Financial
Services Act 2012. Governed by both key regulators i.e. Bank Negara Malaysia (BNM) and
Security Commissions (SC).
Key elements in Islamic Banking:
1. Prohibition of Usury – Interest (Riba)
2. Prohibition of Ambiguity (Gharar)
3. Prohibition of impermissible activities such as gambling, selling of liquor, etc.
4
Milestones of Islamic Banking in Malaysia
BNM launched
Malaysia
International
Islamic Financial
Centre (MIFC) and
released new
guidelines,
including
incentives
Establishment
of Bank Islam
(1st Islamic
Bank)
BNM allowed the
provision of
Islamic banking
through “window”
operations
Maybank the first
to offer Islamic
window
Parliament passed
IBA, 1983
BNM further
liberalised the
Financial Sector
(issuance of 2
new Islamic
banking licenses;
increase foreign
ownership to
70%; and
creation of Mega
Islamic bank
As an alternative banking, offering of
plain-vanilla deposit and financing
products
Rapid growth - accounting for almost [29]% of domestic
banking assets; products offering at par with conventional;
growing number of domestic and foreign players
Maybank Islamic
commenced
operations as Islamic
subsidiary Pilgrimage Fund
Board /Tabung
Haji was formed
Banks with Islamic
banking windows
allowed to
convert to Islamic
bank
Issuance of 3
foreign Islamic
bank licenses
BNM’s
Financial
Sector
Blueprint 2011-
2020 –
“Internationali
sation of
Islamic
Finance”
0%
5%
10%
15%
20%
25%
-
100
200
300
400
500
600
700
800
900
2006 2007 2008 2009 2010 2011
LOAN & FINANCING
Islamic Contribution (RHS)
Conventional (RM Bil)
Islamic (RM Bil)
Conv. CAGR: 9%Islamic CAGR: 21%
0%
5%
10%
15%
20%
25%
-
200
400
600
800
1,000
1,200
2006 2007 2008 2009 2010 2011
DEPOSITS
Islamic Contribution (RHS)
Conventional (RM Bil)
Islamic (RM Bil)
Conv. CAGR: 8%Islamic CAGR: 22%
0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
20%
-
200
400
600
800
1,000
1,200
1,400
1,600
2006 2007 2008 2009 2010 2011
ASSETS
Islamic Contribution (RHS)
Conventional (RM Bil)
Islamic (RM Bil)
Conv. CAGR: 9%Islamic CAGR: 20%
Source: BNM 5
71%
29%
Conventional Islamic
60%
40%
20202010
Islamic financing will account for 40% of total financing in
2020 according to Bank Negara Malaysia
Share of Islamic finance of total financing (2010 vs. 2020)
Malaysia’s Banking Industry:
Islamic Banking Growth Outstripping Conventional Banking
Malaysia’s Ranking Leading the Way in Global Islamic
Finance in 2012
Sukuk Issuance – Zawya in Sukuk Review 2012
Being one of the “big 4” global centres in Islamic finance, Malaysia is well
positioned to take advantage of the market opportunities.
Other key Islamic finance centres include Saudi Arabia, United Arab Emirates and Kuwait
Share of outstanding Sukuk market
Rank Countries %
1 Malaysia 64
2 UAE 9
3 Saudi Arabia 8
4 Qatar 7
5 Indonesia 6
Share of global Shariah banking assets*
Rank Countries %
1 Saudi Arabia 21.3
2 Malaysia 17.5
3 UAE 14.0
4 Kuwait 13.8
5 Qatar 7.0
Global Sharia-compliant Assets – KFH Research, 2012,
Maybank Islamic analysis
* The analysis above excludes Iranian banks 6
Six Main Thrusts Behind Malaysia’s Success Story in Islamic
Banking
● Sound legal and regulatory framework
● Wide range of products & services with certain key added advantage in tax and
liquidity
● Strong vision and support from the central bank and government
● Conducive and clear Shariah framework
● Large number and diversified Islamic Finance players (local & foreign)
● Human capital development
7
Table of Contents
Introduction ………………………………………………………………………… 3
About Maybank Islamic …………………………………………………………… 9
Financial Performance …………………………………………………………… 16
Prospects & Outlook …………………………………………………………… 28
About Maybank Islamic
Our Vision
Our Mission
Strategic Objectives
To be a Regional Financial Services Leader
Humanising Financial Services Across Asia
1. Undisputed No. 1 Retail Financial Services provider in Malaysia
by 2015
2. Leading ASEAN wholesale bank eventually expanding to Middle
East, China & India
3. Undisputed Insurance & Takaful Leader in Malaysia & Emerging
Regional Player
4. Truly regional organisation, with ~40% of pre-tax profit derived
from international operations by 2015
5. Global Leader in Islamic Finance
Providing people with convenient access to financing
Having fair terms & pricing
Advising customers based on their needs
Being at the heart of community
By 2015
9
One of Maybank Group’s Key Strategic Pillars is
Global Leadership in Islamic Finance
Maybank: An “Islamic Inspired” Group
Maybank Islamic Banking Group (“MIBG”) is the Islamic banking arm of the Maybank Group.
Maybank Islamic Berhad (“Maybank Islamic”) is a full fledged universal Islamic financial institution and offers
comprehensive and differentiated products and services to our customers.
MILESTONES
OPERATING MODEL
In 1993, Maybank was the first Malaysian conventional commercial bank to offer Islamic financial services through a
“window” concept.
On 1st January 2008, Maybank Islamic Berhad (“Maybank Islamic”) was incorporated as a wholly owned subsidiary of
Maybank.
As at December 2012, Maybank Islamic’s products and services are available at 507 branches and various distribution
channels nationwide, including 16 dedicated Islamic banking branches.
The strength of collaboration
across the House of Maybank
around the globe through the
leverage of the Group’s
policies, infrastructure and
resources including distribution
channels, IT system and
platforms as well as front and
back-office support operations
has enabled Maybank Islamic
Berhad (“Maybank Islamic”) to
reap the benefits of economies
of scale and reduced
duplication of resources.
Maybank
Group CEO + Support (CFO, CRO,GHC, Legal, Compliance, Communications) E
N
A
B
L
E
M
E
N
T
Global Wholesale
Banking
Community
Financial
Services
Insurance
& Takaful
Enterprise Transformation Services
ISLAMIC
INSPIRED
INTERNATIONAL
EXPANSION
10
Maybank Group Islamic Banking Business
MALAYSIA – Maybank
Islamic Berhad
Maybank Investment
-Window license
INDONESIA – BII (Unit
Usaha Syariah)
SINGAPORE
International
Currency Business
Unit
LABUAN
INDONESIA – Maybank
Syariah Indonesia
LONDON
BAHRAIN
LOCATION
UniversalBranches: 16 full-fledged Islamic Branches & co-
located across all 507 Maybank branches
WholesaleMaybank Group channels under Global Wholesale
Banking
UniversalBranches: 5 full-fledged Islamic branches; 107
window
UniversalHead Office/ Islamic Banking Hub : Geylang Serai
Branches: 22 (Qualifying Full Bank)
Subsidiary
Window
Window via
Maybank
Window via
Maybank
WholesaleMaybank Group channels under Global Wholesale
Banking
License granted to
Maybank Islamic
Wholesale Branch: 1 Window via
Maybank
Universal Branch: 1 full-fledge Islamic branchSubsidiary
Wholesale Branch: 1Window via
Maybank
Wholesale Branch: 1 Window via
Maybank
HONG KONG Treasury Business Branch: 1 Window via
Maybank
OVERVIEW ON INTERNATIONAL PRESENCE
PLATFORM PROFILE DISTRIBUTION CHANNEL
11
Community Financial Services Products:
Innovative Shariah Compliant Products in FY2012
Innovation and Shariah Compliance
We continue to strive in providing innovative Shariah-compliant solutions for the benefits of
our customers. The following are highlights of innovation in 2012:
Extended our coverage of our unique Premier Mudharabah Account-i to the SME, Business
Banking and Corporate segments;
Launched the new variable rate of mortgage financing under the concept of Commodity
Murabahah;
Enhancement of our Ikhwan credit card offering via the Ikhwan Visa Infinite launch;
Introduction of M2U Savers-i, an online savings account for customers’ convenience of
opening, accessing and closing accounts from anywhere around the world.
Through collaboration with Community Financial Services, various initiatives were
organised, including nationwide events with the community at regions and branches. With
clear performance tracking system and collaboration between Maybank Islamic and the
Group, employees particularly frontliners are better equipped with knowledge and
accountability on Islamic banking related matters to serve our customers better as well as
contribute to growth of Islamic banking products and services.
12
USD 800,000,000
Multicurrency Sukuk
Programme
Joint Principal Adviser, Joint
Lead Manager, Joint lead
Arranger
SIME DARBY GLOBAL BERHAD
January 2013
Multicurrency MTN Programme
Joint Principal Adviser, Joint Arranger, Joint Bookrunner
USD 1,500,000,000
EXPORT-IMPORT BANK OF
MALAYSIA BERHAD
2012
First multicurrency
issuance by a
Malaysian
Development
Finance Institution
PROJEK LEBUHRAYA USAHASAMA BERHAD (UP TO MYR34.35 BILLION IMTN PROGRAMME AND GOVERNMENT GUARANTEED IMTN PROGRAMME)
Largest global Sukuk issuance and Malaysia’s single largest bond issuance
EXPORT-IMPORT BANK OF MALAYSIA BERHAD (USD 1,500,000,000 MULTICURRENCY MTN PROGRAMME)
First multicurrency issuance by a Malaysian Development Finance Institution
MALAYSIA AIRLINE SYSTEM BERHAD (MYR 2,500,000,000 PERPETUAL JUNIOR SUKUK PROGRAMME)
First perpetual Sukuk issuance by a corporate in Malaysia, and arguably the first perpetual Sukuk issuance by a corporate in the world
SUKUK PERUMAHAN KERAJAAN - GOVERNMENT OF MALAYSIA (MYR.2.6 BILLION SUKUK MURABAHAH)
First Sukuk of its type issued by the Government of Malaysia to fund the Government Housing Scheme which is accorded the same treatment as Malaysian
Government Securities (MGS)
MALAKOFF CORPORATION BERHAD (MYR5,600,000,000 CORPORATE REORGANISATION EXERCISE OF THE GROUP)
• First full-fledged corporate reorganisation exercise in Malaysia based on the “Islamic First” concept for all the transactions thereunder
• First Islamic loanstocks issuance and first conversion of conventional loanstocks into Shariah compliant loanstocks in Malaysia
FELDA GLOBAL VENTURES HOLDINGS BERHAD (MYR10,000,000,000 (USD3.4 BILLION) INITIAL PUBLIC OFFERING)
The largest IPO and equity offering in Malaysia for the year and also the second largest IPO globally as at the pricing date.
SIME DARBY GLOBAL BERHAD (USD 800,000,000 MULTICURRENCY SUKUK PROGRAMME)
First Malaysian issuer and the first Sukuk issuer globally to issue in the international USD debt capital markets in 2013
MALAYSIA AIRLINE SYSTEM
BERHAD
MYR 2,500,000,000
Perpetual Junior Sukuk
Programme
Sole Principal Adviser, Sole Lead
Arranger, Sole Lead Manager
June 2012
First perpetual
Sukuk issuance by
a corporate in
Malaysia
Sukuk Murabahah
Primary Subscriber
Up to MYR.2.6 billion
Sukuk Perumahan
Kerajaan –
Government of
Malaysia
July 2012
Corporate ReorganisationExercise of the Group
Sole Principal Adviser, Sole Lead Arranger, Sole Lead Manager
MYR5,600.000,000
Malakoff Corporation
Berhad
December 2012
Initial Public Offering
Joint Principal Advisers, Joint global coordinators, Joint Bookrunners, Joint Managing Underwrited, Joint Underwriters
MYR10,000.000,000
Felda Global Ventures
Holdings Berhad
June 2012
Islamic Medium Term Notes Programme and Government Guaranteed Islamic Medium Term Notes Programme
Joint Lead Manager
Up to MYR34.35 billion
PROJEK LEBUHRAYA
USAHASAMA BERHAD
January 2012
Largest Sukuk in
the World
1 2 3 4
13
5 6
First of its kind
Sukuk issued by
the Govt. of
Malaysia
First corporate
reorganisation
exercise based on
“Islamic First”
concept
Second biggest IPO
in the world
First Malaysian
issuer and the first
USD Sukuk in 2013
7
1
2
3
4
5
6
7
Global Wholesale Banking Products:
Innovative Solutions to Overcome Unique Challenges
Awards Won in 2012
Global Finance Magazine Awards 2012
World’s Best Islamic Financial Institutions 2012 (Asia)
World’s Best Islamic Financial Institutions 2012 (Malaysia)
KLIFF Islamic Finance Awards 2012
Most Outstanding Islamic Investment Bank
Global Finance World’s Best Islamic Financial Institution Awards 2012
Best Sukuk Bank
Best Project Finance Financial Adviser (Asia) 2012
Global Financial Best Islamic Financial Institutions Awards 2012
Islamic Finance Deal of The Year – Wakala Global Sukuk Berhad USD2.0 Billion Global Sukuk Certificates
The Asset Triple A Asian Awards 2012
Best Islamic Trade Finance Bank Malaysia
Best Islamic Retail Bank Malaysia
The Asset Triple A Awards 2012
Best Islamic Deal of the Year / Best Sovereign Sukuk 2012 - Wakala Global Sukuk Berhad - USD2.0 Billion Global
Sukuk Certificates
Best Islamic Deal, Malaysia 2012 - Wakala Global Sukuk Berhad USD2.0 Billion Global Sukuk Certificates
Best Corporate Sukuk 2012 – Projek Lebuhraya Usahasama RM30.6 Billion Sukuk
Best Islamic Restructuring Deal – Pengurusan Aset Air Berhad RM5.8 Billion
The Asset Triple A Country Award 2012
Best Islamic Equity – Bumi Armada RM2.66 Billion
14
Table of Contents
Introduction ………………………………………………………………………… 3
About Maybank Islamic …………………………………………………………… 9
Financial Performance …………………………………………………………… 16
Prospects & Outlook …………………………………………………………… 28
Financial Performance
● Maybank records net profit of RM 5.7 billion, an increase of 17.6% YoY (FY2011: 16.6%)
● Superior shareholder value creation with ROE of 16.0% exceeding headline KPI of 15.6%
● Strong balance sheet with total assets of RM495 billion and RWCAR of 17.2%
● Asset quality continued to improve with Net Impaired Loans ratio of 1.09% and Loan
Loss Coverage of 105.6%
● Final net dividend of 28.5 sen per share amounting to RM2.4 billion. This brings total
FY2012 net dividend to RM4.29 billion representing a net dividend payout ratio of
74.7%.
● Strengthened its domestic leadership with loans growing faster than industry's at 11.8%
YOY
● Continued international expansion with overseas profit contribution growing to 30% (up
45.4% YoY) of Group profit. Maybank Singapore's PBT crossed RM1 billion mark whilst
BII contributed RM554 million to Group PBT
● Maybank Islamic maintained its leadership with PBT of RM1.19 billion (up 25.0%)
and total gross financing growing 18.3% to RM62.0 billion (representing 30.6% of
Maybank Group's total domestic financing)
Maybank delivers on profitable and responsible growth
strategies in 2012
16
16.6
8.7
11.3
3.1
4.7
8.0
17.1
12.6
14.3
3.5
6.2
8.3
AITAB Mortgage Financing
Term Financing
Others (CFS) Term Financing
Others (GWB)
Dec 11 Dec 12+3%
+45%
+26%
+14%
+32%
Group Islamic Banking - Strong Fundamentals
Maybank Islamic: Total Gross Financing grew
by 18.3% to RM62.0 bil
CFS: +20% GWB: +14%
Group Islamic Banking Income and PBT*
*** Includes financing sold to Cagamas
RM
bill
ion
+4%
Maybank Islamic: Improving key ratios
Market Share
* Group Islamic Banking includes Maybank Islamic and the Group’s
other Islamic operations
** Other operating income comprise of fee income and other income
RM million FY12 FY11YoY
Growth
Fund based income 1,699.3 1,560.9 8.9%
Other operating income** 496.9 277.9 78.8%
Total income 2,196.2 1,838.8 19.4%
Allowance for losses on
financing33.7 60.4 -44.2%
Profit before tax and
zakat1,322.0 1,041.4 26.9%
Dec-12 Dec-11
AITAB*** 30.0% 31.6%
Mortgage 21.4% 20.2%
Term financing 23.3% 21.1%
Dec-12 Dec-11
Financing to Deposit Ratio
(Adjusted)82.0% 83.7%
Islamic Financing to
Total Domestic Loans30.6% 28.5%
Gross Impaired Financing Ratio 0.85% 1.62%
Net Impaired Financing Ratio 0.70% 1.03%
17
23.6%24.5%
26.1% 26.2%
14.8%
17.0%
22.1%23.2%
10.0%
15.0%
20.0%
25.0%
30.0%
Dec-09 Dec-10 Dec-11 Dec-12
Financing Deposit
462.0
697.9
952.8
-
200.0
400.0
600.0
800.0
1,000.0
1,200.0
1,400.0
Dec -09 Dec -10 Dec -11 Dec -12
Maybank Islamic surpasses RM1 billion PBT mark, maintains
leadership position for both financing & deposit
Maybank Islamic PBT Maybank Islamic Contribution to MBB Domestic –
Financing as at December 2012
Market Share Trend (Maybank Islamic vs Industry)
Year Contribution
Dec-10 26.1%
Dec-11 28.5%
Dec-12 30.6%
30.6%
69.4%
Maybank Islamic MBB Domestic
Underwriter Rank Market Share (%) Amount (RM mil) Issues
HSBC Bank PLC 1 19.6 33,855.5 84
CIMB 2 16.0 27,560.8 192
Maybank 3 15.2 26,546.0 159
Standard Chartered Bank 4 5.1 8,778.2 19
Am Investment Bank Bhd 5 9.8 17,412.9 92
Deutsche Bank AG 6 4.7 8,151.2 9
RHB 7 7.5 13,076.7 127
Citi 8 2.6 4,476.7 8
Qinvest Investment Banking 9 1.8 3,020.3 3
National Bank of Abu Dhabi 10 1.7 2,920.3 8
Global Sukuk Market League Table
1,190.1
18
5.3
16.617.1
19.5%
31.6%30.0%
0%
5%
10%
15%
20%
25%
30%
35%
40%
0.0
5.0
10.0
15.0
20.0
25.0
2007 2008 2009 2010 2011 2012
Automobile Financing
Outstanding Market Share
RM Billion
20.3
52.4 62.0
24.9% 26.1% 26.2%
0%
5%
10%
15%
20%
25%
30%
35%
40%
10.0
20.0
30.0
40.0
50.0
60.0
70.0
80.0
2007 2008 2009 2010 2011 2012
Total Financing - Outstanding & Market Share
Outstanding Market Share
RM Billion
5.9 7.48.6
35.4%
19.8% 20.1%
0%5%10%15%20%25%30%35%40%45%50%
0.0
5.0
10.0
15.0
20.0
25.0
30.0
35.0
40.0
2007 2008 2009 2010 2011 2012
Home Financing
Outstanding Market Share
RM Billion • In totality, volume expanded, market share
progressed on rising track.
• Automobile Financing remained as industry
leader & outpaced other portfolios despite
Takaful mandatory issue in FY12.
• Home Financing recovered beginning 2009, with
market share trending upwards narrowing the gap
between competitors.
Notes:
1. Financing portfolios include CFS and GWB
2. CAGR from 2006 to Sep 2011
Maybank Islamic 5-Year Performance by Business Line:
Financing
19
15.8 18.724.3
36.9
58.7 71.0
12.9% 12.1% 12.9%
17.0%
22.1%23.2%
0%
5%
10%
15%
20%
25%
30%
0.010.020.030.040.050.060.070.080.090.0
100.0
2007 2008 2009 2010 2011 2012
Total Deposit - Outstanding and Market Share
Outstanding Market Share
RM Billion
5.8 5.211.0
23.0
41.746.9
8.9%
5.9%
9.5%
16.6%
23.8% 23.3%
0%
5%
10%
15%
20%
25%
30%
35%
0.010.020.030.040.050.060.070.080.090.0
100.0
2007 2008 2009 2010 2011 2012
Term Deposit - Outstanding and Market Share
Outstanding Market Share
RM Billion
8.1 9.9 10.8 13.116.6 23.4
25.7% 25.0% 24.5% 24.1% 24.9%28.6%
0%5%10%15%20%25%30%35%40%45%50%
0.05.0
10.015.020.025.030.035.040.045.050.0
2007 2008 2009 2010 2011 2012
CASA - Outstanding & Market Share
Outstanding Market Share
RM Billion
• Healthy growth during 2007 to 2012, albeit stiff
competition.
• Total Deposit tripled, pushing back market share
from low to satisfactory level.
• CASA grew steadily by volume, market share
continued trending upwards.
• Sharp rise in Term deposit beginning 2008
contributed mainly by the introduction of PNA-i
and IFD.
Notes:
1. Deposit portfolios include CFS and GWB
2. CAGR from 2006 to Sep 2011
Maybank Islamic 5-Year Performance by Business Line:
Deposits
20
Profit Before Tax Customer Deposit Financing Total Assets
Maybank
Islamic
Contribution
to Maybank
Group
Maybank
Islamic
Contribution
to Maybank
Group -
Domestic
Maybank Islamic is well on the way towards achieving a one-third Islamic financing
contribution to the Group’s total domestic loans and advances by 2015, with the
CONTRIBUTION AT 30.6% AS AT DECEMBER 2012.
Maybank Islamic
(RM1,190.1 mil)
MBB Group (excluding
Maybank Islamic) (RM256.2 bil)
Maybank Islamic
(RM61.1 bil)
Maybank Islamic
(RM90.6 bil)
MBB Group (excluding
Maybank Islamic) (RM404.3 bil)
Maybank Islamic
(RM71.0 bil)
MBB Group (excluding
Maybank Islamic) (RM275.9bil)
MBB Group (excluding
Maybank Islamic) (RM6,778.5mil)
Maybank Islamic
(RM1,190.1 mil)
MBB Group Domestic (excluding
Maybank Islamic) (RM138.7 bil)
Maybank Islamic
(RM61.1 bil)
Maybank Islamic
(RM90.6 bil)
Maybank Islamic
(RM71.0 bil)
MBB Group Domestic (excluding
Maybank Islamic) (RM156.3 bil)
MBB Group Domestic (excluding
Maybank Islamic) (RM3,493.7mil)
MBB Group Domestic (excluding
Maybank Islamic) (RM244.8 bil)
85.1%
14.9%
79.5%
20.5%
80.7%
19.3%
81.7%
18.3%
74.6%
25.4%
68.8%
31.2%
69.4%
30.6%
73.0%
27.0%
Maybank Islamic Contribution to Maybank Group
21
Competitive Analysis – Profit Before Tax
Maybank Islamic ranked 1st amongst Islamic Banks, double the profit from the nearest competitors
Maybank Islamic ranked 2nd if including Bank Rakyat (BNM deems Bank Rakyat as a cooperative bank)
Note:
1. PBT of each bank is as at Dec12, except for Competitor 2, Competitor 4, Competitor 7 and Competitor 8 which are on an annualised basis.
2. PBT for Competitor 1 is based on its announcement through media, The Star, 14 March 2013.
22
2,100
1,190
545 578
497 244 175 90
-1000
-500
0
500
1000
1500
2000
2500
2006 2007 2008 2009 2010 2011 2012
RM mil
Key Competitors' PBT
50%
13%
9%
80%
64%
18%
45%
40%
-161%
Competitor 1
Competitor 2
Competitor 3
Competitor 4
Competitor 5
Competitor 6
Competitor 7
Competitor 8
Competitive Analysis – Total Assets
Note: Total Asset of each Bank is as at Dec 2012, except for Competitor 2, Competitor 4, Competitor 7 and Competitor 8 which are as at Sep12.
Maybank Islamic remained as the largest Islamic Bank in Malaysia & ahead of largest Islamic
cooperative bank, Bank Rakyat
23
90.5
29.5
29.2
79.2
13.1
0
10
20
30
40
50
60
70
80
90
100
2006 2007 2008 2009 2010 2011 2012
RM BillionKey Competitors' Total Asset
CAGR
22%
16%
9%
38%
18%
16%
19%
21%
65%
46.5
35.5
6.48.0
Sep12
Competitor 1
Competitor 4
Competitor 2
Competitor 5
Competitor 3
Competitor 6
Competitor 7
Competitor 8
Competitive Analysis – Total Financing
Note:
1. Position of each bank is as at Dec12 except for for Competitor 2, Competitor 4, Competitor 7 and Competitor 8 which are as at Sep 12 whilst position for Competitor 1 is based on
its announcement through media, Malay Mail, 14 March 2013.
2. Total Gross Financing includes financing sold to CAGAMAS.
Gaps from competitors against financing continues to widen
24
61.9
20.420.4
9.3
0
10
20
30
40
50
60
70
2006 2007 2008 2009 2010 2011 2012
RM Billion
Key Competitors' Total Financing
CAGR
19%
5%
17%
42%
12%
13%
34%
24%
12%
31.3
18.5
6.44.3
56.6
Sep12
Competitor 1
Competitor 4
Competitor 5
Competitor 3
Competitor 2
Competitor 6
Competitor 7
Competitor 8
Competitive Analysis – Total Deposit
Note:
1. Position of each bank is as at Dec12 except for for Competitor 2, Competitor 4, Competitor 7 and Competitor 8 which are as at Sep 12.
2. Total deposit includes Special General Investment Account (SGIA).
Maybank Islamic’s deposit is growing on strong momentum
25
70.9
21.6
23.7
62.6
8.7
0
10
20
30
40
50
60
70
80
2006 2007 2008 2009 2010 2011 2012
RM Billion
Key Competitors' Total Deposit
CAGR
26%
17%
43%
11%
25%
15%
25%
22%
15%
31.030.7
4.53.9
Sep12
Competitor 1
Competitor 2
Competitor 4
Competitor 5
Competitor 3
Competitor 6
Competitor 7
Competitor 8
Capital Efficiency – Key Competitors
Note: Total Asset & Shareholders Fund of each Bank is as at Dec 2012, except for Competitor 2, Competitor 4, Competitor 7 and Competitor 8 which are as at Sep12. 26
Dec 2012
Maybank Islamic Budgeted Position @ 31 Dec 2013
(Assets = RM92.3bil, Equity = RM5.0bil)
0.0
10.0
20.0
30.0
40.0
50.0
60.0
70.0
80.0
90.0
100.0
0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0 10.0
Total Asset(RM bil)
Shareholders Funds (RM bil)
Capital Efficiency
Maybank Islamic Budgeted Position @ 31 Dec 2013
(Assets = RM92.3bil, Equity = RM5.0bil)
Competitor 1
Competitor 2
Competitor 3
Competitor 4
Competitor 5
Competitor 6
Competitor 8
Competitor 7
Table of Contents
Introduction ………………………………………………………………………… 3
About Maybank Islamic …………………………………………………………… 9
Financial Performance …………………………………………………………… 16
Prospects & Outlook …………………………………………………………… 28Prospects & Outlook
Islamic Banking Industry Outlook
According to KFH Research, Islamic banking assets has an estimated asset size of USD1.1 trillion
in 2011, representing 80.9% of Islamic finance assets worldwide. Based on a compounded annual
growth rate (CAGR) of 21.1% between 2007 and 2011, Islamic banking assets reached USD1.3
trillion as at end-2012 and are expected to reach USD 1.5 trillion by end of 2013.
At present, Islamic banking has become the fastest growing segment in the international
financial system. The internationalization of Islamic finance offers the potential for further
means by which cross border financial flows are intermediated between economies
worldwide.
The Islamic banking industry is not only confined to Muslim-majority countries such as the
GCC and Malaysia but are also expanding into new territories such as the Far East and
Europe, many of which are currently in the midst of implementing appropriate regulatory and
legal reforms that would facilitate the provision of Islamic finance products.
In Malaysia, Islamic financing is expected to account for 40% of total financing by 2020
according to BNM.
28Source: KFH Research
As the largest Islamic bank in ASEAN, Maybank is well-positioned to
capitalize on the opportunities of this fast-growing industry as we
continue to build international platforms as we strive to pave way
for further innovative cross-border financial flows across our
network and presence in ASEAN and globally
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