Former Bank Islam Group CEO Mohd Muazzam Mohamed has joined the board of the Consumer Credit Commission.

The commission, also known as Suruhanjaya Kredit Pengguna, was set up to oversee consumer credit providers in Malaysia outside the banking sector.

The commission earlier named former Bank Negara Malaysia Assistant Governor Abu Hassan Alshari Yahaya as its first Executive Chairman.

This follows the enforcement of the Consumer Credit Act 2025 on 1 March 2026 and marks the start of the commission’s operations as the body overseeing consumer credit providers in Malaysia.

Muazzam stepped down as Group CEO of Bank Islam in December 2025 after a decade with the group.

He will be succeeded by YM Raja Datin Paduka Teh Maimunah Raja Abdul Aziz, who will take over as Group Chief Executive Officer on 1 April 2026.

Featured image: Edited by Fintech News Malaysia, based on image by tahantanha10 via Freepik