Bank
Muamalat was incorporated in 1999 (website). It has a paid up capital of RM1,195,000,000
as of 2015. Its services range from
business banking, corporate banking, investment banking, treasury and capital
market, commercial banking and trade finance. It has 62 branches throughout
Malaysia.
It
complies with MFRS and also conforms to AAOIFI in presentation of SOFP (70%),
SOPL (38.9%), SOCIE (95%) and SCF (100%). It does not present SSUCF and SORI as
either financial statement or notes to financial statement (Financial statement).
Table
4.3: Level of compliance to MFRS and AAOIFI standards
No.
|
Financial statement
|
Conformity
|
1.
|
Statement on adoption
of AAOIFI
|
Nil
|
2.
|
Statement on adoption
of MFRS
|
100%
|
3.
|
Statement of financial
position
|
70.0%
|
4.
|
Statement of profit or
loss
|
38.9%
|
5.
|
Statement of changes in
equity
|
95%
|
6.
|
Statement of cash flow
|
100%
|
7.
|
Statement of sources and uses of charity fund
|
No
|
8.
|
Statement of restricted
investment
|
No
|
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