Pillar Aspiration by 2015 · of Bank Islam (1. st. Islamic Bank) BNM allowed the ... Share of...

Investor Day

19 March 2013

Muzaffar Hisham

Chief Executive Officer, Maybank Islamic

Head, Group Islamic Banking

Table of Contents

Introduction ………………………………………………………………………… 3

About Maybank Islamic …………………………………………………………… 9

Financial Performance …………………………………………………………… 16

Prospects & Outlook …………………………………………………………… 28

Introduction

What is Islamic Banking?

3

By definition in the Islamic Financial Services Act 2012:

“Islamic banking business” means the business of –

1. Accepting Islamic deposits on current account, deposit account, savings account or

other similar accounts, with or without the business of paying or collecting cheques

drawn by or paid in by customers; or

2. Accepting money under an investment account; and

3. Provision of finance; and

For us in Malaysia, we are guided by the clear regulation of the Islamic Financial

Services Act 2012. Governed by both key regulators i.e. Bank Negara Malaysia (BNM) and

Security Commissions (SC).

Key elements in Islamic Banking:

1. Prohibition of Usury – Interest (Riba)

2. Prohibition of Ambiguity (Gharar)

3. Prohibition of impermissible activities such as gambling, selling of liquor, etc.

4

Milestones of Islamic Banking in Malaysia

BNM launched

Malaysia

International

Islamic Financial

Centre (MIFC) and

released new

guidelines,

including

incentives

Establishment

of Bank Islam

(1st Islamic

Bank)

BNM allowed the

provision of

Islamic banking

through “window”

operations

Maybank the first

to offer Islamic

window

Parliament passed

IBA, 1983

BNM further

liberalised the

Financial Sector

(issuance of 2

new Islamic

banking licenses;

increase foreign

ownership to

70%; and

creation of Mega

Islamic bank

As an alternative banking, offering of

plain-vanilla deposit and financing

products

Rapid growth - accounting for almost [29]% of domestic

banking assets; products offering at par with conventional;

growing number of domestic and foreign players

Maybank Islamic

commenced

operations as Islamic

subsidiary Pilgrimage Fund

Board /Tabung

Haji was formed

Banks with Islamic

banking windows

allowed to

convert to Islamic

bank

Issuance of 3

foreign Islamic

bank licenses

BNM’s

Financial

Sector

Blueprint 2011-

2020 –

“Internationali

sation of

Islamic

Finance”

0%

5%

10%

15%

20%

25%

-

100

200

300

400

500

600

700

800

900

2006 2007 2008 2009 2010 2011

LOAN & FINANCING

Islamic Contribution (RHS)

Conventional (RM Bil)

Islamic (RM Bil)

Conv. CAGR: 9%Islamic CAGR: 21%

0%

5%

10%

15%

20%

25%

-

200

400

600

800

1,000

1,200

2006 2007 2008 2009 2010 2011

DEPOSITS



Islamic (RM Bil)


0%

2%

4%

6%

8%

10%

12%

14%

16%

18%

20%

-

200

400

600

800

1,000

1,200

1,400

1,600

2006 2007 2008 2009 2010 2011

ASSETS



Islamic (RM Bil)


Source: BNM 5

71%

29%

Conventional Islamic

60%

40%

20202010

Islamic financing will account for 40% of total financing in

2020 according to Bank Negara Malaysia

Share of Islamic finance of total financing (2010 vs. 2020)

Malaysia’s Banking Industry:

Islamic Banking Growth Outstripping Conventional Banking

Malaysia’s Ranking Leading the Way in Global Islamic

Finance in 2012

Sukuk Issuance – Zawya in Sukuk Review 2012

Being one of the “big 4” global centres in Islamic finance, Malaysia is well

positioned to take advantage of the market opportunities.

Other key Islamic finance centres include Saudi Arabia, United Arab Emirates and Kuwait

Share of outstanding Sukuk market

Rank Countries %

1 Malaysia 64

2 UAE 9

3 Saudi Arabia 8

4 Qatar 7

5 Indonesia 6

Share of global Shariah banking assets*

Rank Countries %

1 Saudi Arabia 21.3

2 Malaysia 17.5

3 UAE 14.0

4 Kuwait 13.8

5 Qatar 7.0

Global Sharia-compliant Assets – KFH Research, 2012,

Maybank Islamic analysis

* The analysis above excludes Iranian banks 6

Six Main Thrusts Behind Malaysia’s Success Story in Islamic

Banking

● Sound legal and regulatory framework

● Wide range of products & services with certain key added advantage in tax and

liquidity

● Strong vision and support from the central bank and government

● Conducive and clear Shariah framework

● Large number and diversified Islamic Finance players (local & foreign)

● Human capital development

7

Table of Contents

Introduction ………………………………………………………………………… 3




About Maybank Islamic

Our Vision

Our Mission

Strategic Objectives

To be a Regional Financial Services Leader

Humanising Financial Services Across Asia

1. Undisputed No. 1 Retail Financial Services provider in Malaysia

by 2015

2. Leading ASEAN wholesale bank eventually expanding to Middle

East, China & India

3. Undisputed Insurance & Takaful Leader in Malaysia & Emerging

Regional Player

4. Truly regional organisation, with ~40% of pre-tax profit derived

from international operations by 2015

5. Global Leader in Islamic Finance

Providing people with convenient access to financing

Having fair terms & pricing

Advising customers based on their needs

Being at the heart of community

By 2015

9

One of Maybank Group’s Key Strategic Pillars is

Global Leadership in Islamic Finance

Maybank: An “Islamic Inspired” Group

Maybank Islamic Banking Group (“MIBG”) is the Islamic banking arm of the Maybank Group.

Maybank Islamic Berhad (“Maybank Islamic”) is a full fledged universal Islamic financial institution and offers

comprehensive and differentiated products and services to our customers.

MILESTONES

OPERATING MODEL

In 1993, Maybank was the first Malaysian conventional commercial bank to offer Islamic financial services through a

“window” concept.

On 1st January 2008, Maybank Islamic Berhad (“Maybank Islamic”) was incorporated as a wholly owned subsidiary of

Maybank.

As at December 2012, Maybank Islamic’s products and services are available at 507 branches and various distribution

channels nationwide, including 16 dedicated Islamic banking branches.

The strength of collaboration

across the House of Maybank

around the globe through the

leverage of the Group’s

policies, infrastructure and

resources including distribution

channels, IT system and

platforms as well as front and

back-office support operations

has enabled Maybank Islamic

Berhad (“Maybank Islamic”) to

reap the benefits of economies

of scale and reduced

duplication of resources.

Maybank

Group CEO + Support (CFO, CRO,GHC, Legal, Compliance, Communications) E

N

A

B

L

E

M

E

N

T

Global Wholesale

Banking

Community

Financial

Services

Insurance

& Takaful

Enterprise Transformation Services

ISLAMIC

INSPIRED

INTERNATIONAL

EXPANSION

10

Maybank Group Islamic Banking Business

MALAYSIA – Maybank

Islamic Berhad

Maybank Investment

-Window license

INDONESIA – BII (Unit

Usaha Syariah)

SINGAPORE

International

Currency Business

Unit

LABUAN

INDONESIA – Maybank

Syariah Indonesia

LONDON

BAHRAIN

LOCATION

UniversalBranches: 16 full-fledged Islamic Branches & co-

located across all 507 Maybank branches

WholesaleMaybank Group channels under Global Wholesale

Banking

UniversalBranches: 5 full-fledged Islamic branches; 107

window

UniversalHead Office/ Islamic Banking Hub : Geylang Serai

Branches: 22 (Qualifying Full Bank)

Subsidiary

Window

Window via

Maybank

Window via

Maybank

WholesaleMaybank Group channels under Global Wholesale

Banking

License granted to

Maybank Islamic

Wholesale Branch: 1 Window via

Maybank

Universal Branch: 1 full-fledge Islamic branchSubsidiary

Wholesale Branch: 1Window via

Maybank

Wholesale Branch: 1 Window via

Maybank

HONG KONG Treasury Business Branch: 1 Window via

Maybank

OVERVIEW ON INTERNATIONAL PRESENCE

PLATFORM PROFILE DISTRIBUTION CHANNEL

11

Community Financial Services Products:

Innovative Shariah Compliant Products in FY2012

Innovation and Shariah Compliance

We continue to strive in providing innovative Shariah-compliant solutions for the benefits of

our customers. The following are highlights of innovation in 2012:

Extended our coverage of our unique Premier Mudharabah Account-i to the SME, Business

Banking and Corporate segments;

Launched the new variable rate of mortgage financing under the concept of Commodity

Murabahah;

Enhancement of our Ikhwan credit card offering via the Ikhwan Visa Infinite launch;

Introduction of M2U Savers-i, an online savings account for customers’ convenience of

opening, accessing and closing accounts from anywhere around the world.

Through collaboration with Community Financial Services, various initiatives were

organised, including nationwide events with the community at regions and branches. With

clear performance tracking system and collaboration between Maybank Islamic and the

Group, employees particularly frontliners are better equipped with knowledge and

accountability on Islamic banking related matters to serve our customers better as well as

contribute to growth of Islamic banking products and services.

12

USD 800,000,000

Multicurrency Sukuk

Programme

Joint Principal Adviser, Joint

Lead Manager, Joint lead

Arranger

SIME DARBY GLOBAL BERHAD

January 2013

Multicurrency MTN Programme

Joint Principal Adviser, Joint Arranger, Joint Bookrunner

USD 1,500,000,000

EXPORT-IMPORT BANK OF

MALAYSIA BERHAD

2012

First multicurrency

issuance by a

Malaysian

Development

Finance Institution

PROJEK LEBUHRAYA USAHASAMA BERHAD (UP TO MYR34.35 BILLION IMTN PROGRAMME AND GOVERNMENT GUARANTEED IMTN PROGRAMME)

Largest global Sukuk issuance and Malaysia’s single largest bond issuance

EXPORT-IMPORT BANK OF MALAYSIA BERHAD (USD 1,500,000,000 MULTICURRENCY MTN PROGRAMME)

First multicurrency issuance by a Malaysian Development Finance Institution

MALAYSIA AIRLINE SYSTEM BERHAD (MYR 2,500,000,000 PERPETUAL JUNIOR SUKUK PROGRAMME)

First perpetual Sukuk issuance by a corporate in Malaysia, and arguably the first perpetual Sukuk issuance by a corporate in the world

SUKUK PERUMAHAN KERAJAAN - GOVERNMENT OF MALAYSIA (MYR.2.6 BILLION SUKUK MURABAHAH)

First Sukuk of its type issued by the Government of Malaysia to fund the Government Housing Scheme which is accorded the same treatment as Malaysian

Government Securities (MGS)

MALAKOFF CORPORATION BERHAD (MYR5,600,000,000 CORPORATE REORGANISATION EXERCISE OF THE GROUP)

• First full-fledged corporate reorganisation exercise in Malaysia based on the “Islamic First” concept for all the transactions thereunder

• First Islamic loanstocks issuance and first conversion of conventional loanstocks into Shariah compliant loanstocks in Malaysia

FELDA GLOBAL VENTURES HOLDINGS BERHAD (MYR10,000,000,000 (USD3.4 BILLION) INITIAL PUBLIC OFFERING)

The largest IPO and equity offering in Malaysia for the year and also the second largest IPO globally as at the pricing date.

SIME DARBY GLOBAL BERHAD (USD 800,000,000 MULTICURRENCY SUKUK PROGRAMME)

First Malaysian issuer and the first Sukuk issuer globally to issue in the international USD debt capital markets in 2013

MALAYSIA AIRLINE SYSTEM

BERHAD

MYR 2,500,000,000

Perpetual Junior Sukuk

Programme

Sole Principal Adviser, Sole Lead

Arranger, Sole Lead Manager

June 2012

First perpetual

Sukuk issuance by

a corporate in

Malaysia

Sukuk Murabahah

Primary Subscriber

Up to MYR.2.6 billion

Sukuk Perumahan

Kerajaan –

Government of

Malaysia

July 2012

Corporate ReorganisationExercise of the Group

Sole Principal Adviser, Sole Lead Arranger, Sole Lead Manager

MYR5,600.000,000

Malakoff Corporation

Berhad

December 2012

Initial Public Offering

Joint Principal Advisers, Joint global coordinators, Joint Bookrunners, Joint Managing Underwrited, Joint Underwriters

MYR10,000.000,000

Felda Global Ventures

Holdings Berhad

June 2012

Islamic Medium Term Notes Programme and Government Guaranteed Islamic Medium Term Notes Programme

Joint Lead Manager

Up to MYR34.35 billion

PROJEK LEBUHRAYA

USAHASAMA BERHAD

January 2012

Largest Sukuk in

the World

1 2 3 4

13

5 6

First of its kind

Sukuk issued by

the Govt. of

Malaysia

First corporate

reorganisation

exercise based on

“Islamic First”

concept

Second biggest IPO

in the world

First Malaysian

issuer and the first

USD Sukuk in 2013

7

1

2

3

4

5

6

7

Global Wholesale Banking Products:

Innovative Solutions to Overcome Unique Challenges

https://mail.exim.com.my/exchweb/img/logoexim.gif

Awards Won in 2012

Global Finance Magazine Awards 2012

World’s Best Islamic Financial Institutions 2012 (Asia)

World’s Best Islamic Financial Institutions 2012 (Malaysia)

KLIFF Islamic Finance Awards 2012

Most Outstanding Islamic Investment Bank

Global Finance World’s Best Islamic Financial Institution Awards 2012

Best Sukuk Bank

Best Project Finance Financial Adviser (Asia) 2012

Global Financial Best Islamic Financial Institutions Awards 2012

Islamic Finance Deal of The Year – Wakala Global Sukuk Berhad USD2.0 Billion Global Sukuk Certificates

The Asset Triple A Asian Awards 2012

Best Islamic Trade Finance Bank Malaysia

Best Islamic Retail Bank Malaysia

The Asset Triple A Awards 2012

Best Islamic Deal of the Year / Best Sovereign Sukuk 2012 - Wakala Global Sukuk Berhad - USD2.0 Billion Global

Sukuk Certificates

Best Islamic Deal, Malaysia 2012 - Wakala Global Sukuk Berhad USD2.0 Billion Global Sukuk Certificates

Best Corporate Sukuk 2012 – Projek Lebuhraya Usahasama RM30.6 Billion Sukuk

Best Islamic Restructuring Deal – Pengurusan Aset Air Berhad RM5.8 Billion

The Asset Triple A Country Award 2012

Best Islamic Equity – Bumi Armada RM2.66 Billion

14

Table of Contents

Introduction ………………………………………………………………………… 3




Financial Performance

● Maybank records net profit of RM 5.7 billion, an increase of 17.6% YoY (FY2011: 16.6%)

● Superior shareholder value creation with ROE of 16.0% exceeding headline KPI of 15.6%

● Strong balance sheet with total assets of RM495 billion and RWCAR of 17.2%

● Asset quality continued to improve with Net Impaired Loans ratio of 1.09% and Loan

Loss Coverage of 105.6%

● Final net dividend of 28.5 sen per share amounting to RM2.4 billion. This brings total

FY2012 net dividend to RM4.29 billion representing a net dividend payout ratio of

74.7%.

● Strengthened its domestic leadership with loans growing faster than industry's at 11.8%

YOY

● Continued international expansion with overseas profit contribution growing to 30% (up

45.4% YoY) of Group profit. Maybank Singapore's PBT crossed RM1 billion mark whilst

BII contributed RM554 million to Group PBT

● Maybank Islamic maintained its leadership with PBT of RM1.19 billion (up 25.0%)

and total gross financing growing 18.3% to RM62.0 billion (representing 30.6% of

Maybank Group's total domestic financing)

Maybank delivers on profitable and responsible growth

strategies in 2012

16

16.6

8.7

11.3

3.1

4.7

8.0

17.1

12.6

14.3

3.5

6.2

8.3

AITAB Mortgage Financing

Term Financing

Others (CFS) Term Financing

Others (GWB)

Dec 11 Dec 12+3%

+45%

+26%

+14%

+32%

Group Islamic Banking - Strong Fundamentals

Maybank Islamic: Total Gross Financing grew

by 18.3% to RM62.0 bil

CFS: +20% GWB: +14%

Group Islamic Banking Income and PBT*

*** Includes financing sold to Cagamas

RM

bill

ion

+4%

Maybank Islamic: Improving key ratios

Market Share

* Group Islamic Banking includes Maybank Islamic and the Group’s

other Islamic operations

** Other operating income comprise of fee income and other income

RM million FY12 FY11YoY

Growth

Fund based income 1,699.3 1,560.9 8.9%

Other operating income** 496.9 277.9 78.8%

Total income 2,196.2 1,838.8 19.4%

Allowance for losses on

financing33.7 60.4 -44.2%

Profit before tax and

zakat1,322.0 1,041.4 26.9%

Dec-12 Dec-11

AITAB*** 30.0% 31.6%

Mortgage 21.4% 20.2%

Term financing 23.3% 21.1%

Dec-12 Dec-11

Financing to Deposit Ratio

(Adjusted)82.0% 83.7%

Islamic Financing to

Total Domestic Loans30.6% 28.5%

Gross Impaired Financing Ratio 0.85% 1.62%

Net Impaired Financing Ratio 0.70% 1.03%

17

23.6%24.5%

26.1% 26.2%

14.8%

17.0%

22.1%23.2%

10.0%

15.0%

20.0%

25.0%

30.0%

Dec-09 Dec-10 Dec-11 Dec-12

Financing Deposit

462.0

697.9

952.8

-

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0

Dec -09 Dec -10 Dec -11 Dec -12

Maybank Islamic surpasses RM1 billion PBT mark, maintains

leadership position for both financing & deposit

Maybank Islamic PBT Maybank Islamic Contribution to MBB Domestic –

Financing as at December 2012

Market Share Trend (Maybank Islamic vs Industry)

Year Contribution

Dec-10 26.1%

Dec-11 28.5%

Dec-12 30.6%

30.6%

69.4%

Maybank Islamic MBB Domestic

Underwriter Rank Market Share (%) Amount (RM mil) Issues

HSBC Bank PLC 1 19.6 33,855.5 84

CIMB 2 16.0 27,560.8 192

Maybank 3 15.2 26,546.0 159

Standard Chartered Bank 4 5.1 8,778.2 19

Am Investment Bank Bhd 5 9.8 17,412.9 92

Deutsche Bank AG 6 4.7 8,151.2 9

RHB 7 7.5 13,076.7 127

Citi 8 2.6 4,476.7 8

Qinvest Investment Banking 9 1.8 3,020.3 3

National Bank of Abu Dhabi 10 1.7 2,920.3 8

Global Sukuk Market League Table

1,190.1

18

5.3

16.617.1

19.5%

31.6%30.0%

0%

5%

10%

15%

20%

25%

30%

35%

40%

0.0

5.0

10.0

15.0

20.0

25.0

2007 2008 2009 2010 2011 2012

Automobile Financing

Outstanding Market Share

RM Billion

20.3

52.4 62.0

24.9% 26.1% 26.2%

0%

5%

10%

15%

20%

25%

30%

35%

40%

10.0

20.0

30.0

40.0

50.0

60.0

70.0

80.0

2007 2008 2009 2010 2011 2012

Total Financing - Outstanding & Market Share


RM Billion

5.9 7.48.6

35.4%

19.8% 20.1%

0%5%10%15%20%25%30%35%40%45%50%

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

40.0

2007 2008 2009 2010 2011 2012

Home Financing


RM Billion • In totality, volume expanded, market share

progressed on rising track.

• Automobile Financing remained as industry

leader & outpaced other portfolios despite

Takaful mandatory issue in FY12.

• Home Financing recovered beginning 2009, with

market share trending upwards narrowing the gap

between competitors.

Notes:

1. Financing portfolios include CFS and GWB

2. CAGR from 2006 to Sep 2011

Maybank Islamic 5-Year Performance by Business Line:

Financing

19

15.8 18.724.3

36.9

58.7 71.0

12.9% 12.1% 12.9%

17.0%

22.1%23.2%

0%

5%

10%

15%

20%

25%

30%

0.010.020.030.040.050.060.070.080.090.0

100.0

2007 2008 2009 2010 2011 2012

Total Deposit - Outstanding and Market Share


RM Billion

5.8 5.211.0

23.0

41.746.9

8.9%

5.9%

9.5%

16.6%

23.8% 23.3%

0%

5%

10%

15%

20%

25%

30%

35%

0.010.020.030.040.050.060.070.080.090.0

100.0

2007 2008 2009 2010 2011 2012

Term Deposit - Outstanding and Market Share


RM Billion

8.1 9.9 10.8 13.116.6 23.4

25.7% 25.0% 24.5% 24.1% 24.9%28.6%

0%5%10%15%20%25%30%35%40%45%50%

0.05.0

10.015.020.025.030.035.040.045.050.0

2007 2008 2009 2010 2011 2012

CASA - Outstanding & Market Share


RM Billion

• Healthy growth during 2007 to 2012, albeit stiff

competition.

• Total Deposit tripled, pushing back market share

from low to satisfactory level.

• CASA grew steadily by volume, market share

continued trending upwards.

• Sharp rise in Term deposit beginning 2008

contributed mainly by the introduction of PNA-i

and IFD.

Notes:

1. Deposit portfolios include CFS and GWB

2. CAGR from 2006 to Sep 2011

Maybank Islamic 5-Year Performance by Business Line:

Deposits

20

Profit Before Tax Customer Deposit Financing Total Assets

Maybank

Islamic

Contribution

to Maybank

Group

Maybank

Islamic

Contribution

to Maybank

Group -

Domestic

Maybank Islamic is well on the way towards achieving a one-third Islamic financing

contribution to the Group’s total domestic loans and advances by 2015, with the

CONTRIBUTION AT 30.6% AS AT DECEMBER 2012.

Maybank Islamic

(RM1,190.1 mil)

MBB Group (excluding

Maybank Islamic) (RM256.2 bil)

Maybank Islamic

(RM61.1 bil)

Maybank Islamic

(RM90.6 bil)



Maybank Islamic

(RM71.0 bil)


Maybank Islamic) (RM275.9bil)


Maybank Islamic) (RM6,778.5mil)

Maybank Islamic

(RM1,190.1 mil)

MBB Group Domestic (excluding


Maybank Islamic

(RM61.1 bil)

Maybank Islamic

(RM90.6 bil)

Maybank Islamic

(RM71.0 bil)




Maybank Islamic) (RM3,493.7mil)



85.1%

14.9%

79.5%

20.5%

80.7%

19.3%

81.7%

18.3%

74.6%

25.4%

68.8%

31.2%

69.4%

30.6%

73.0%

27.0%

Maybank Islamic Contribution to Maybank Group

21

Competitive Analysis – Profit Before Tax

Maybank Islamic ranked 1st amongst Islamic Banks, double the profit from the nearest competitors

Maybank Islamic ranked 2nd if including Bank Rakyat (BNM deems Bank Rakyat as a cooperative bank)

Note:

1. PBT of each bank is as at Dec12, except for Competitor 2, Competitor 4, Competitor 7 and Competitor 8 which are on an annualised basis.

2. PBT for Competitor 1 is based on its announcement through media, The Star, 14 March 2013.

22

2,100

1,190

545 578

497 244 175 90

-1000

-500

0

500

1000

1500

2000

2500

2006 2007 2008 2009 2010 2011 2012

RM mil

Key Competitors' PBT

50%

13%

9%

80%

64%

18%

45%

40%

-161%

Competitor 1

Competitor 2

Competitor 3

Competitor 4

Competitor 5

Competitor 6

Competitor 7

Competitor 8

Competitive Analysis – Total Assets

Note: Total Asset of each Bank is as at Dec 2012, except for Competitor 2, Competitor 4, Competitor 7 and Competitor 8 which are as at Sep12.

Maybank Islamic remained as the largest Islamic Bank in Malaysia & ahead of largest Islamic

cooperative bank, Bank Rakyat

23

90.5

29.5

29.2

79.2

13.1

0

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010 2011 2012

RM BillionKey Competitors' Total Asset

CAGR

22%

16%

9%

38%

18%

16%

19%

21%

65%

46.5

35.5

6.48.0

Sep12

Competitor 1

Competitor 4

Competitor 2

Competitor 5

Competitor 3

Competitor 6

Competitor 7

Competitor 8

Competitive Analysis – Total Financing

Note:

1. Position of each bank is as at Dec12 except for for Competitor 2, Competitor 4, Competitor 7 and Competitor 8 which are as at Sep 12 whilst position for Competitor 1 is based on

its announcement through media, Malay Mail, 14 March 2013.

2. Total Gross Financing includes financing sold to CAGAMAS.

Gaps from competitors against financing continues to widen

24

61.9

20.420.4

9.3

0

10

20

30

40

50

60

70

2006 2007 2008 2009 2010 2011 2012

RM Billion

Key Competitors' Total Financing

CAGR

19%

5%

17%

42%

12%

13%

34%

24%

12%

31.3

18.5

6.44.3

56.6

Sep12

Competitor 1

Competitor 4

Competitor 5

Competitor 3

Competitor 2

Competitor 6

Competitor 7

Competitor 8

Competitive Analysis – Total Deposit

Note:

1. Position of each bank is as at Dec12 except for for Competitor 2, Competitor 4, Competitor 7 and Competitor 8 which are as at Sep 12.

2. Total deposit includes Special General Investment Account (SGIA).

Maybank Islamic’s deposit is growing on strong momentum

25

70.9

21.6

23.7

62.6

8.7

0

10

20

30

40

50

60

70

80

2006 2007 2008 2009 2010 2011 2012

RM Billion

Key Competitors' Total Deposit

CAGR

26%

17%

43%

11%

25%

15%

25%

22%

15%

31.030.7

4.53.9

Sep12

Competitor 1

Competitor 2

Competitor 4

Competitor 5

Competitor 3

Competitor 6

Competitor 7

Competitor 8

Capital Efficiency – Key Competitors

Note: Total Asset & Shareholders Fund of each Bank is as at Dec 2012, except for Competitor 2, Competitor 4, Competitor 7 and Competitor 8 which are as at Sep12. 26

Dec 2012

Maybank Islamic Budgeted Position @ 31 Dec 2013

(Assets = RM92.3bil, Equity = RM5.0bil)

0.0

10.0

20.0

30.0

40.0

50.0

60.0

70.0

80.0

90.0

100.0

0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0 10.0

Total Asset(RM bil)

Shareholders Funds (RM bil)

Capital Efficiency

Maybank Islamic Budgeted Position @ 31 Dec 2013

(Assets = RM92.3bil, Equity = RM5.0bil)

Competitor 1

Competitor 2

Competitor 3

Competitor 4

Competitor 5

Competitor 6

Competitor 8

Competitor 7

Table of Contents

Introduction ………………………………………………………………………… 3



Prospects & Outlook …………………………………………………………… 28Prospects & Outlook

Islamic Banking Industry Outlook

According to KFH Research, Islamic banking assets has an estimated asset size of USD1.1 trillion

in 2011, representing 80.9% of Islamic finance assets worldwide. Based on a compounded annual

growth rate (CAGR) of 21.1% between 2007 and 2011, Islamic banking assets reached USD1.3

trillion as at end-2012 and are expected to reach USD 1.5 trillion by end of 2013.

At present, Islamic banking has become the fastest growing segment in the international

financial system. The internationalization of Islamic finance offers the potential for further

means by which cross border financial flows are intermediated between economies

worldwide.

The Islamic banking industry is not only confined to Muslim-majority countries such as the

GCC and Malaysia but are also expanding into new territories such as the Far East and

Europe, many of which are currently in the midst of implementing appropriate regulatory and

legal reforms that would facilitate the provision of Islamic finance products.

In Malaysia, Islamic financing is expected to account for 40% of total financing by 2020

according to BNM.

28Source: KFH Research

As the largest Islamic bank in ASEAN, Maybank is well-positioned to

capitalize on the opportunities of this fast-growing industry as we

continue to build international platforms as we strive to pave way

for further innovative cross-border financial flows across our

network and presence in ASEAN and globally

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