Page 115 - Bank Muamalat_AR24

ANNUAL REPORT 2024 1 2 3 4 5 Sustainability Statement 6 7 8 113

5. Sponsorship Programme we not only create positive social impact but also
contribute to sustainable economic growth and
Support for Various Institutions: In FY2024, the Bank promote inclusive prosperity. Our ongoing dedication
continued to support meaningful causes through its to community development underscores our role as a
sponsorship and contribution programme, aimed at responsible corporate citizen, striving to create Better
fostering social development and institutional support. Lives, Together with the community, and uphold the
A total of RM398,000.00 was distributed to over 100 values of compassion, fairness, and integrity in all our
institutions, including welfare homes, educational endeavours.
institutions, non-governmental organisations (NGOs),
and other community-focused entities. This initiative Aligned with our commitment to the United Nations
reflects the Bank’s ongoing commitment to advancing Sustainable Development Goals (SDGs), our initiatives
social well-being and strengthening partnerships that actively contribute to achieving global targets such as
create lasting impact. poverty alleviation, quality education, and good health
and well-being. By supporting these SDG goals, we aim
Through these initiatives, Bank Muamalat has to foster a more equitable and sustainable future for all,
demonstrated its commitment to social welfare and reinforcing our mission to create positive change and
ethical banking practices, aligned with Maqasid empower communities worldwide.
al-Shariah and VBI principles. By integrating these
principles into our community development efforts,

M10

FINANCIAL INCLUSION: EMPOWERING COMMUNITIES THROUGH ACCESSIBLE BANKING

Why This Matters
In line with its vision to be a leading Islamic bank that is growth. By expanding access to financial services, Bank
accessible to all, Bank Muamalat remains deeply committed Muamalat enables individuals and businesses to manage their
to advancing financial inclusion. This commitment ensures that finances more effectively, build resilience against economic
individuals and businesses, regardless of their socioeconomic challenges, and pursue long term financial goals.
background, have access to affordable and quality financial
services. These efforts not only strengthen the economic well-being
of communities but also reflect the Bank’s mission of
Financial inclusion is a powerful driver of economic Creating Better Lives, Together through inclusive and
empowerment. It plays a vital role in reducing poverty, meaningful financial solutions.
narrowing inequality, and supporting sustainable economic

Our Approach

Bank Muamalat adopts a collaborative and innovation-driven Through strategic partnerships with government agencies
approach to financial inclusion. We design solutions that and local stakeholders, we tailor our offerings to address
are accessible, relevant, and sustainable for underserved specific community needs by integrating financial access with
populations, especially micro entrepreneurs and communities structured training, entrepreneurship support, and digital
in remote areas. tools, our approach ensures that inclusion is not just about
access, but also about empowerment and long-term impact.