MBSB Bank Berhad

What MBSB Bank Berhad does

MBSB Bank Berhad is a Malaysian Islamic bank licensed by Bank Negara Malaysia under the Islamic Financial Services Act 2013, headquartered in Kuala Lumpur with a nationwide branch network covering all five Malaysian regions. Founded in 2005 and publicly listed on Bursa Malaysia (ticker: MBSB), the bank operates as part of the MBSB Group alongside its subsidiary MIDF. It serves three primary customer segments: individual consumers, SMEs, and corporate clients, offering a full suite of Shariah-compliant products including deposit accounts (Savings Account-i, Current Account-i, Term Deposit-i), consumer financing (Personal, Property, and Auto Financing-i), cards (Visa Debit Card-i, MBSB Tap 2 Pay), investment products (Unit Trust, PrimeGold-i, Term Investment Account-i), and corporate/SME financing facilities spanning contract, property development, equipment, trade, oil palm plantation, and commercial property financing.

The bank's core technology platform is its M Journey mobile and online banking system, which supports individual consumers, corporate internet banking (DTB and CIB), and an Online Business Current Account-i (OBCA) for SME digital onboarding. In August 2025, MBSB Bank became the first Malaysian bank to integrate Wise Platform, embedding cross-border remittance in 12 currencies as the GET – Global Easy Transfer service. Other integrations include DuitNow QR for domestic payments and participation in Bank Negara Malaysia's government-backed SME schemes (SME Stabilisation Relief Facility, TERAJU Program, M-Government Guarantee Scheme). The bank is also an EPF e-Pengeluaran participating institution.

Revenue is generated primarily through Islamic banking financing income (personal, property, auto, and corporate financing structured under Shariah principles), supplemented by transaction fees on deposits, trade and corporate financing fees, card and payment service income, and distribution income from unit trusts and investment products. Q1 2026 net profit of RM30.1 million represented a 64.4% year-on-year decline, signaling profitability pressure. The bank is positioning itself as a digital-first Islamic bank via its M Journey transformation and fintech partnerships, while operating in a competitive Malaysian Islamic banking market alongside larger incumbents.

Name

MBSB Bank Berhad

Legal name

MBSB Bank Berhad

Website

https://mbsbbank.com

Company type

Public

Founded year

2005

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

MBSB Bank Berhad is a Malaysian Islamic bank licensed by Bank Negara Malaysia, offering Shariah-compliant consumer, SME, and corporate banking products including deposits, financing, cards, and wealth management through a nationwide branch network and the M Journey digital platform.

Ownership category

akta.pro rank

Product category

Islamic Banking

NAICS

Depository Credit Intermediation (5221)

SIC

Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

B2B / Invoice-Based BNPL (Trade Credit at Checkout) (FSAGAIAC)

Keywords

• Islamic banking services
• Consumer financing products
• Sme business banking
• Shariah-compliant deposits
• Digital mobile banking

Headquarters

HQ city

Selangor

HQ country

Malaysia

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Islamic Banking Interest/Financing Income: MBSB Bank generates the majority of its revenue from financing activities including personal financing, property financing, auto financing, and corporate lending, all structured under Islamic banking principles.
2. Deposit and Current Account Fees: Fee income from current and savings accounts including interbank cash withdrawal fees (waived from July 2026), account maintenance, and related service charges.
3. Trade and Corporate Financing: Revenue from trade financing, contract financing, property development financing, and corporate financing facilities extended to business customers.
4. Card and Payment Services: Income from card operations including Visa Debit Card-i transactions and card acceptance facilities for merchants.
5. Investment and Wealth Management Products: Revenue from unit trust distribution, Term Investment Account-i, PrimeGold-i, and wealth management services including estate management.
6. Government and SME Scheme Financing: Income from government-backed financing schemes including SME Stabilisation Relief Facility, TERAJU Program, and M-Government Guarantee Scheme.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels8 records

Core offering

MBSB Bank Berhad is a licensed Malaysian Islamic bank that delivers Shariah-compliant consumer banking (deposits, debit cards, personal/property/auto financing, wealth management, and unit trusts), SME and corporate banking (current accounts, term deposits, contract financing, property development financing, corporate financing, equipment financing, trade financing, and government-backed guarantee schemes), and digital banking via the M JOURNEY app and M JOURNEY Corporate portals, including cross-border remittances through its Wise Platform-powered GET service.

Product overview

MBSB Bank Berhad is a licensed Islamic Bank regulated by Bank Negara Malaysia under the Islamic Financial Services Act 2013. The bank operates as a platform-plus-modules architecture offering a comprehensive suite of Islamic banking products and services for both consumer and business segments. Its core digital platform M Journey serves as the primary banking interface for individuals and corporations, complemented by specialized products including consumer banking (Visa Debit Card-i, MBSB Tap 2 Pay, Savings Account-i, Current Account-i, Term Deposit-i, Investment products, Personal Financing-i, Property Financing-i, Auto Financing-i), business banking (SME and corporate accounts, various financing programs including Contract Financing, Property Development Financing, Corporate Financing, Equipment Financing, and Trade Financing-i), and digital services including Digital Cash Management, Online Business Current Account-i, and the Wise Platform-powered GET – Global Easy Transfer for international transfers. The bank also participates in government schemes such as SME Stabilisation Relief Facility and TERAJU Program.

Differentiator

Problem solved

Functional benefit

Brands

• M Journey: Mobile banking application for individual and corporate customers enabling online banking, fund transfers, and international remittance services.
• GET - Global Easy Transfer
• MBSB Tap 2 Pay

Products and services

• M JOURNEY (Digital Banking Platform) MBSB Bank's flagship digital banking platform available for both individual and corporate customers, providing mobile and online banking services including account management, fund transfers, card services, and access to Islamic banking products.
• Visa Debit Card-i Shariah-compliant debit card for individual consumers enabling cashless payments, online transactions, and ATM withdrawals in compliance with Islamic banking principles.
• MBSB Tap 2 Pay Contactless tap-to-pay payment solution for customers enabling quick and secure point-of-sale transactions.
• Savings Account-i Islamic-compliant savings account offering individual customers Shariah-compliant banking with competitive profit rates.
• Current Account-i (Consumer) Islamic-compliant current account for everyday consumer banking needs operated under Shariah principles.
• Term Deposit-i (Consumer) Islamic-compliant fixed-term deposit account offering guaranteed returns with flexible tenure options for individual customers.
• Term Investment Account-i Islamic-compliant investment account that provides returns based on the performance of underlying assets for individual customers.
• PrimeGold-i Islamic-compliant gold investment product allowing individual customers to invest in physical gold under Shariah principles.
• Unit Trust Islamic-compliant unit trust investment service offering diversified Shariah-compliant portfolio options for individual wealth accumulation.
• Personal Financing-i Islamic-compliant personal financing solution for individual customers' personal financial needs under Shariah principles.
• Property Financing-i Islamic-compliant home financing product enabling individual customers to purchase residential properties under Shariah principles.
• Auto Financing-i (Hire Purchase-i) Islamic-compliant vehicle financing solution for individual customers purchasing automobiles under hire purchase arrangements.
• WorksForMe Employment-related banking service under consumer banking designed to provide salary and workplace-linked financial solutions for individuals.
• GET – Global Easy Transfer International money transfer service powered by Wise Platform, enabling customers to send money abroad in 12 currencies with real-time tracking, competitive exchange rates, and instant or same-day transfers, embedded within the M JOURNEY app.
• Card Acceptance Facility Merchant card acceptance service for business banking customers enabling retailers and businesses to accept debit and credit card payments.
• SME Current Account-i Islamic-compliant business current account tailored for small and medium enterprises with business banking features.
• Term Deposit-i (Business) Islamic-compliant fixed-term deposit account for business customers offering guaranteed returns over flexible tenures.
• Investment Account-i (Business) Islamic-compliant business investment account offering investment opportunities structured under Shariah principles for enterprise customers.
• M-Xpress BG-i Islamic-compliant bank guarantee product for business banking customers requiring performance or financial guarantees.
• M-Property Financing Programme Shariah-compliant property financing programme for business customers developing or purchasing commercial and residential property assets.
• M-Government Guarantee Scheme (M-GGS) Government-backed financing program providing guaranteed loans for SME business development and growth under Shariah principles.
• Contract Financing Shariah-compliant financing solution for businesses to fund projects based on contracts or purchase orders.
• Property Development Financing Shariah-compliant financing solutions for property developers undertaking residential or commercial property development projects.
• Corporate Financing Comprehensive Shariah-compliant financing solutions for corporate clients including working capital and expansion funding.
• Commercial Property Financing Shariah-compliant financing solutions for purchasing or developing commercial properties such as offices and retail spaces.
• Oil Palm Plantation Financing Shariah-compliant specialised agricultural financing for oil palm plantation operations and development.
• Equipment Financing Shariah-compliant financing solutions for businesses to acquire machinery, equipment, or vehicles.
• Wholesale Financing Shariah-compliant financing solutions for wholesalers and distributors to manage inventory and operations.
• Digital Cash Management Digital platform for corporate cash management, liquidity management, and treasury operations.
• Trade Financing-i Shariah-compliant trade financing solutions for import, export, and domestic trade transactions.
• Online Business Current Account-i (OBCA) Digital business account opening and management platform enabling SMEs to set up an Islamic-compliant business current account online.
• M-Retail Digital retail solutions for merchants including point-of-sale and payment acceptance systems.
• SME Stabilisation Relief Facility Government-supported Shariah-compliant SME financing program providing relief and stabilisation funding for small and medium enterprises.
• TERAJU Program Shariah-compliant financing program under the national Bumiputera agenda supporting Bumiputera entrepreneurs through MBSB Bank.

Quantifiable outcome

• RM1.3 billion syndicated financing commitment to Weststar Group as part of a RM4.8 billion facility
• +1 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature6 records

Partnerships

Four partnerships are on record, tiered flagship and core.

• Weststar Group (Weststar Aviation Services)flagshipStrategic or Co-development Partner · 3 October 2025MBSB Bank committed RM1.3 billion in financing to Weststar Group as part of a RM4.8 billion syndicated facility for purchasing 28 Leonardo helicopters to fulfill a 15-year military and government leasing contract. The facility also includes AmBank, Maybank, Bank Rakyat, and Bank Pembangunan as co-arrangers. Deliveries are targeted within three years, expanding Weststar's fleet to 63 helicopters.
• Wise PlatformcoreTechnology or Integration · 28 August 2025MBSB Bank Berhad launched GET – Global Easy Transfer on August 28, 2025, becoming the first bank in Malaysia to partner with Wise Platform. The service enables customers to send money abroad in 12 currencies through the Bank's M Journey app, offering real-time tracking, competitive exchange rates, and instant or same-day transfers. The partnership supports MBSB Bank's transformation into a modern, digital-first Islamic bank and aligns with Wise Platform's expansion into the Malaysian market.
• Bank Negara MalaysiacoreOthersMBSB Bank Berhad is licensed by Bank Negara Malaysia and regulated and supervised under the Islamic Financial Services Act 2013.
• PIDM (Perbadanan Insurans Deposit Malaysia)coreOthersMBSB Bank is a member of PIDM, which provides deposit insurance protection for depositors in Malaysia.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Bank Islam Malaysia Berhad: Malaysia's oldest and largest pure-play Islamic bank, offering a comparable Shariah-compliant suite of consumer, SME, and corporate banking products under Bank Negara Malaysia supervision. Directly competes with MBSB for Islamic banking market share in Malaysia.
• Kuwait Finance House (Malaysia) Berhad: Shariah-compliant bank licensed by BNM under IFSA 2013, providing Islamic consumer, SME, and corporate banking. Comparable to MBSB in regulatory positioning, product mix, and Malaysian Islamic banking segment focus.
• Bank Muamalat Malaysia Berhad: Full-fledged Islamic bank licensed by BNM providing consumer financing, deposits, and corporate banking under Shariah principles. Operates with similar Islamic-only positioning and overlapping target segments as MBSB.
• Bank Kerjasama Rakyat Malaysia Berhad (Bank Rakyat): Malaysia's largest Islamic cooperative bank, participating alongside MBSB in syndicated facilities (e.g., the RM4.8 billion Weststar arrangement) and offering Islamic personal financing, deposits, and SME products to a similar Malaysian customer base.

Broad incumbents

• CIMB Bank Berhad: Major Malaysian universal bank with a sizable Islamic banking franchise (CIMB Islamic) competing across consumer financing, deposits, and corporate banking. Overlaps MBSB in syndicated financing, SME lending, and digital banking product offerings.
• Maybank: Malaysia's largest financial group offering both conventional and Islamic banking (Maybank Islamic). MBSB and Maybank co-arranged the RM4.8 billion Weststar syndicated facility, and Maybank represents the dominant incumbent MBSB competes against across consumer, SME, and corporate segments.
• Public Bank Berhad: Largest Malaysian banking group by branch network, providing consumer and SME financing and deposits. Although primarily conventional, its scale and digital investments set the competitive benchmark MBSB faces in retail and SME banking.
• AmBank: Mid-sized Malaysian banking group offering consumer, SME, and Islamic (AmBank Islamic) banking. AmBank co-arranged the Weststar facility with MBSB and is a comparable mid-tier Malaysian bank targeting similar segments.
• RHB Bank Berhad: Established Malaysian banking group with RHB Islamic, providing consumer financing, deposits, and SME products. Competes with MBSB for Islamic retail and SME market share in Malaysia and participates in similar syndicated Islamic financing deals.

Regional players

• HSBC Amanah Malaysia Berhad: Islamic banking subsidiary of HSBC in Malaysia offering Shariah-compliant consumer and corporate banking under BNM IFSA 2013. Comparable to MBSB in Islamic product mix while leveraging HSBC's global capabilities for cross-border and trade finance.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCV0f4Qu9MyVmXnO1hdOpqTw
• Facebookfacebook.com/MBSBBankMY
• LinkedInlinkedin.com/company/mbsbbank
• Instagraminstagram.com/mbsbbank
• TikToktiktok.com/@mbsbbank.official

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MBSB Bank Berhad