Al Rajhi Bank Malaysia embarks on transformation and turnaround

Al Rajhi Bank Malaysia (ARBM), a wholly owned subsidiary of Al Rajhi Bank, the world’s largest Islamic lender by assets, presence in Malaysia is their first entry into the international banking sector.

In an exclusive interview with Arsalaan Ahmed, Chief Executive Officer of ARBM, he speaks on the transformation and turnaround the bank is embarking to be a leader in the Islamic banking business in Malaysia. He says his focus is to implement a successful strategy to tap on market opportunities for expansion.

Arsalaan gives an overview of the bank’s history and its operation in Malaysia, and sheds insights on:

His role as CEO in first eight months at the bank.
The key challenges and situational analysis in terms of competition, culture, human capital, technology, cross border opportunities, process, and others.
The board’s expectations of him.
The strategies adoption to be a leader in the Islamic banking business in Malaysia.
The opportunities and challenges for Islamic finance and sustainability in Malaysia.
The past and present financial performance of the bank.
The key objectives for the rest of the year and in 2022.