KUALA LUMPUR, Bank Islam Malaysia Bhd announced that its Group Chief Executive Officer (CEO) Dato’ Mohd Muazzam Mohamed will step down from his role on Dec 12, 2025, concluding a decade-long career with the group. His resignation will take effect on Jan 7, 2026.
To ensure a seamless leadership transition, the bank said its Group Chief Business Officer for Retail Banking, Mizan Masram, will assume the role of officer-in-charge beginning Dec 13, 2025. Dato’ Mohd Muazzam will continue serving during the transition period to support Mizan and facilitate an orderly handover.
Appointed as Group CEO in 2018, Dato’ Mohd Muazzam has been pivotal in steering Bank Islam’s transformation journey, particularly in advancing digital innovation. He oversaw the launch of Be U, Malaysia’s first cloud-native mobile banking app, and several digital payment initiatives that strengthened the bank’s retail capabilities.
Dato’ Mohd Muazzam also led the group’s corporate restructuring in 2021, when Bank Islam took over the listing status from its parent company to become the first and only standalone Islamic bank listed on Bursa Malaysia’s Main Market. Under his stewardship, the bank’s total assets expanded from RM64 billion in 2018 to over RM100 billion.
The board of directors has initiated the process of identifying a successor, with an announcement to follow upon obtaining the necessary regulatory approvals.
Reflecting on his departure, Dato’ Mohd Muazzam said:
“It has been an honour to lead Bank Islam and work alongside a highly dedicated team. After seven years as Group CEO, I believe the time is right for me to step aside and focus on personal pursuits. I am deeply thankful for the trust and support extended by the board, management, and all our colleagues throughout this journey.”
Bank Islam chairman Tan Sri Dr Ismail Haji Bakar expressed his appreciation, stating:
“Dato’ Mohd Muazzam has played an instrumental role in strengthening Bank Islam’s position as a leading Islamic financial institution. On behalf of the board, we extend our sincere gratitude for his service and wish him continued success in his future endeavours.”
