MBSB to be Fully Matured Islamic Financial Organisation by 2025; Details Three Key Strategies

In its Annual Report and Corporate Governance Report 2020 submitted to Bursa Malaysia on the 19th of May 2021, Malaysia Building Society Bhd (MBSB) has stated that its short-term and longer-term business plans are focused on becoming a fully matured Islamic financial organisation by 2025.

Why it Matters?

In the short term, MBSB’s Business Plan 2021 (BP2021) has three key strategies: focus on navigating COVID-19 by preserving stakeholder confidence, optimising customer reach via digital capabilities and technology enhancements, and the expansion of existing services. The company also targets to increase asset growth by 20%. MBSB’s long-term plan, Journey 25 (J25) follows an ‘integrated thinking’ approach in line with MBSB’...