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ANNUAL REPORT 2024 1 2 3 4 Our Business Performance 5 6 7 8 73

During the year, MISB achieved significant progress in its 5-year transformation drive, powered by a dynamic team comprising
both seasoned professionals and emerging talents. This synergy enabled the effective crafting of new initiatives across key
focus areas such as:

Offering dual
Building a benefits fund Striving for Driving greater
high-growth team to solutions to sustainable and efficiency to
effectively support enhance investor competitive returns improve client
investors’ needs returns and bridge for investors servicing
industry gaps

These strategic efforts were instrumental in enhancing MISB’s profitability in 2024. Revenue recorded a 5.14% growth,
reaching RM4.09 million (RM3.89 million in 2023), while profit before tax (PBT) impressively jumped by 247% to RM0.80 million
(RM0.23 million in 2023) from the previous year.

OUTLOOK & STRATEGY

In 2025, global market uncertainties stemming from US tariff wars are expected to influence inflation trend,
potentially shifting market expectations and triggering greater bouts of volatility compared to 2024. Geopolitical conflicts
will also continue to influence market dynamics.

Nevertheless, selective opportunities are anticipated within the domestic equities and sukuks markets, as the Malaysian
economy is projected to remain stable. The central bank forecasts economic expansion of between 4.50% to 5.50%
in 2025, with Overnight Policy Rate maintained at 3.00%, as inflation is expected to remain manageable.
Within the equity strategy, MISB will focus on quality opportunities in the technology, healthcare, consumer, financials
and plantations sectors. Tactical themes are expected to prevail within the small and mid-capitalisation sector,
particulalrly in data centers and technology-related periphery. On the sukuk strategy, portfolio yield enhancement
will be pursued through longer-duration holdings of high-quality, sustainability credits.

In addressing the ever-evolving needs of investors, MISB remains committed to collaborating with credible partners to
broaden its product offerings and distribution channels. Fund concepts developed in 2024 have since evolved into robust
structures ready for launch in 2025. In collaboration with reputable partners, MISB would soon be inviting investors to
explore and participate in diversifying into alternate asset classes through innovative fund solutions designed to enhance
risk-reward profiles. These solutions aspire to offer meaningful exposure to investors’ risk-reward objectives that are
uncorrelated or might exhibit low correlation to traditional equities or sukuks.

MISB remains invested in its stakeholders’ welfare and continues to prioritise the Environmental, Social and Governance
(ESG) considerations in its investment decisions. Future fund solutions shall evolve around the principles of Value-Based
Intermediation (VBI), aspiring to re-orient Islamic finance business models towards realising the objectives of Shariah that
generate positive and sustainable impact to the economy, community and environment through practices, processes,
offerings and conduct.
In addition, recognising the rising prominence of Artificial Intelligence (AI), MISB anticipates introducing an AI-powered
investment fund, designed to facilitate objective, data-driven investment in global markets, thereby mitigating the influence
of human emotions in decision-making. This pioneering initiatives underscore MISB’s strategic commitment to innovation
and growth and success, further strengthening its position as an innovator within the fund management industry.