Dato’ Mohd Muazzam Mohamed will step down as Group CEO on 12 December 2025, ending a decade-long tenure at Bank Islam.
His resignation will take effect on 7 January 2026. The bank’s Group Chief Business Officer for Retail Banking, Mizan Masram, will assume the role of officer-in-charge from 13 December 2025 to ensure a smooth transition.
Dato’ Mohd Muazzam will serve his notice during this period, supporting Mizan throughout the handover.
Appointed as Group CEO in 2018, Dato’ Mohd Muazzam led Bank Islam’s digital transformation, including the launch of Be U, a cloud-native mobile banking app, and several e-payment initiatives.
He also oversaw the group’s restructuring in 2021, when Bank Islam assumed the listing status from its parent group to become the only standalone Islamic bank listed on the Main Market of Bursa Malaysia.
Under his leadership, the bank’s total assets grew from RM64 billion in 2018 to more than RM100 billion today.
The board has begun the process of identifying a successor, with an announcement to be made once regulatory approvals are secured.
Dato’ Mohd Muazzam said,
“It has been a privilege to serve Bank Islam and work alongside a great team. After seven years as the GCEO, I believe this is the right time for me to step back and pursue personal interests.
I am deeply grateful for the trust and support I have received from the board, management, and all our colleagues.”
Tan Sri Dr Ismail Haji Bakar, Chairman of Bank Islam, said,
“Dato’ Mohd Muazzam has been instrumental in shaping Bank Islam into the strong and resilient institution it is today.
On behalf of the board, we extend our utmost gratitude for his service and wish him every success in his future pursuits.”
Revisit our interview “Banking After Hours: Muazzam’s Grand Digital Ambitions for Bank Islam” here.
Featured image: Edited by Fintech News Malaysia, based on image by tahantanha10 via Freepik
