KUALA LUMPUR (Dec 1): After 12 years of service on the board of Bank Islam Malaysia Bhd, non-independent and non-executive director Mohamed Ridza Mohamed Abdulla has stepped down from the post.

In tandem with his exit from Bank Islam’s board, Mohamed Ridza, 53, is also leaving behind his post as chairman of the Islamic bank’s investment arm, BIMB Investment Sdn Bhd. 

“Mohamed Ridza joined Bank Islam as a director on Dec 1, 2010, before joining BIMB Investment as chairman on Oct 1, 2019. 

“Throughout his service in the group, Mohamed Ridza had served various roles within the board, including as chairman of the board information technology committee, member of the board audit and examination committee, and member of the board strategic and sustainability committee,” Bank Islam said in a statement on Thursday (Dec 1).

Commenting on his departure, Tan Sri Dr Ismail Hj Bakar said that Mohamed Ridza’s guidance over the past 12 years has helped the group grow from strength to strength.

“At the same time, throughout his chairmanship of BIMB Investment, the company continued to be recognised for its shariah and ESG (environmental, social and corporate governance) investing and most importantly, ensuring they deliver good, strong and consistent returns,” he added.

Shares in Bank Islam finished two sen or 0.78% higher at RM2.58 on Thursday, giving the group a market capitalisation of RM5.56 billion.