Bank Muamalat Malaysia Berhad started its operations on October 1, 1999 with a combined assets and liabilities brought over from the Islamic banking

Islamic banking

Islamic banking is banking or banking activity that is consistent with the principles of Islamic law and its practical application through the development of Islamic economics. Sharia prohibits the fixed or floating payment or acceptance of specific interest or fees for loans of money...

 windows of the then Bank Bumiputra Malaysia Berhad, Bank of Commerce

CIMB

CIMB Group CIMB Group is a regional universal bank operating in high growth economies in ASEAN. CIMB Group has the widest retail branch network across the region and is an indigenous ASEAN investment bank....

 (M) Berhad and BBMB Kewangan.

Bank Muamalat Malaysia Berhad, the second full-fledged Islamic bank to be established in Malaysia after Bank Islam Malaysia Berhad, is poised to play its role in providing Islamic banking products and services to Malaysians, without regard to race or religious beliefs.

DRB Hicom

DRB-HICOM

DRB-HICOM Berhad is one of Malaysia's leading corporations, playing an integral role in the Automotive Manufacturing, Assembly and Distribution industry through its involvement in the passenger car and four wheel drive vehicle market segment, the national truck project and the national motorcycle...

 holds 70% shares in the Bank while Khazanah Nasional Berhad holds the remaining shares.