# MBSB Bank

MBSB Bank is a Bank / Wealth / Trust based in Kuala Lumpur, Malaysia.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Kuala Lumpur, Malaysia
- **Region:** Asia
- **Address:** Kuala Lumpur, Malaysia
- **Founded:** 1950
- **Assets under management:** Undisclosed
- **Website:** www.mbsbbank.com
- **LinkedIn:** https://www.linkedin.com/company/mbsbbank

## Regulatory record

- **Reports private funds:** No

## About

MBSB Bank is an Islamic bank that offers Shariah-compliant banking solutions. Its products include personal and property financing, savings and current accounts, and wealth management services. The bank serves retail, SME, and corporate customers with a focus on sustainable and green financing initiatives based in Selangor, Malaysia.

## Sectors

- Real Estate
- Financial Services
- Energy Transition & Renewables
- Infrastructure

## People

- Rafe Haneef — Group Chief Executive Officer

## Questions

### Who owns MBSB Bank?

MBSB Bank is a wholly owned subsidiary of MBSB Berhad, a publicly listed company on Bursa Malaysia. The Employees Provident Fund of Malaysia is the controlling shareholder of MBSB Berhad, holding approximately 65% of shares as of the latest available filings (per Bursa Malaysia, 2023). This gives the bank a quasi-sovereign backing through the national pension fund.

### Is MBSB Bank a conventional or Islamic bank?

MBSB Bank operates exclusively under an Islamic banking license issued by Bank Negara Malaysia. Following the 2018 merger with Asian Finance Bank, the institution converted its legacy building society operations to fully Shariah-compliant products. All lending, deposits, and investment activities follow Islamic financial principles as certified by the bank's Shariah committee.

### What happened to MIDF and how does it relate to MBSB Bank?

Malaysia Industrial Development Finance Berhad (MIDF) was acquired by MBSB Berhad in 2023 and subsequently integrated into MBSB Bank by November of that year. The integration brought MIDF's investment banking, development finance, and asset management capabilities under MBSB Bank's single Islamic banking license, significantly expanding the bank's wholesale banking and capital markets reach.

### Does MBSB Bank take third-party deposits or is it a captive treasury?

MBSB Bank is a full-fledged retail and commercial bank that accepts deposits from the general public, not a captive treasury. It offers savings accounts, fixed-term deposits, and current accounts to individual and corporate customers across its branch network in Malaysia. The retail deposit base is a core funding source alongside wholesale interbank markets.

### How does MBSB Bank allocate capital to renewable energy?

MBSB Bank participates in green financing through direct lending and syndicated facilities for solar power projects and energy-efficient building developments, primarily within Malaysia. The bank's 2023 annual report identifies sustainable financing as a strategic growth area, citing involvement in financing large-scale solar farms under the government's renewable energy procurement program.

### Is MBSB Bank's investment portfolio manager-trackable for external allocators?

No. MBSB Bank is not a fund manager that accepts external client allocations. Its investment activities are proprietary balance sheet deployment. External allocators can only gain exposure indirectly through shares of the listed parent, MBSB Berhad, or through participation in syndicated facilities where MBSB Bank is a lender, not a sponsor.

## Related profiles

- [MBO+](https://altss.com/profile/mbo)
- [MBU Capital](https://altss.com/profile/mbu-capital)

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Last updated: 2026-06-03T20:00:00.000Z

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