JAKARTA, Dec 14 (Bernama) -- Agrobank bagged the Best Islamic Retail Development Finance Institution in the World 2022 Award from the prestigious 8th Islamic Retail Banking Awards (IRBA) ceremony, which was held in Jakarta, Indonesia recently.

Dato’ Tengku Ahmad Badli Shah Raja Hussin, President/Chief Executive Officer of Agrobank, remarked, "As a home-grown Islamic bank, we are honoured to be awarded this prestigious international accolade. This award marks the pinnacle of our transformation journey as a full-fledged Islamic bank since 2015 and would motivate us to continuously exceed the growing demands and needs of the market."

"It is also a testament to our ability to provide the best Islamic banking products and services, especially for our shariah-compliant retail products, including SME and microfinance segments, to our valued customers as we continue to strive to strengthen our reputation as a reputable Islamic bank that firmly supports Malaysia's vision of becoming the global hub of the Islamic economy," Tengku Ahmad Badi Shah added.

Attended by more than 50 leading players in the Islamic retail financial services industry from around the world, these prestigious awards honour individuals and institutions that have demonstrated great commitment and made significant contributions to the development, growth, and success of Islamic retail banking.

Also present at the award ceremony was the Chief Strategic Officer of Agrobank, Mohamad Taufik bin Mahamad Zakaria.

ABOUT AGROBANK

Agrobank is a leader in agriculture financing and values-based banking based (VBI)* in Malaysia. Established in 1969, Agrobank is actively involved in charting the growth and development of Malaysia’s agriculture industry by offering shariah compliant products and solutions across various customer segments including micro, small, medium and large retail and business customers. Agrobank is a full-fledged Islamic bank since 1st July 2015.

As a market driven, customer centric DFI (Development Financial Institution) with a primary focus on strengthening the agriculture sector in Malaysia, Agrobank strikes an equal balance to its developmental and commercial roles to benefit the agriculture sector. Agrobank provides a comprehensive repertoire of financing solutions for the agriculture community; that includes upstream activities related to primary food and commodities-based agriculture activities to downstream activities such as processing, marketing and distribution of agricultural products.

Agrobank also offers retail banking financing solutions to improve the well-being of the agriculture community. This is done through its network of 207 touchpoints which include 140 branches and 67 banking touchpoints.

In 2019, Agrobank celebrated its golden jubilee Anniversary, as it marks 50 years of its proud establishment developing the agro industry.

www.agrobank.com.my

*VBI or value-based intermediation is an initiative by Bank Negara Malaysia (BNM) which aims to improve the products and services offered by Islamic financial institutions towards a better facilitation of entrepreneurship, community well-being, sustainable environment and economic growth, without compromising on shareholders’ returns 

Issued by Corporate Communications Department, Agrobank

SOURCE: Agrobank

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Shahreen Rahim
Section Head of Public Relation
Corporate Communications Department, Agrobank
Tel: 03-2731 1660 (ext 1660) / +6012-943 6217
Email: shahreen.rahim@agrobank.com.my 

Name: Rasheffa Abdul Rashid
Executive, Public Relations
Corporate Communications Department, Agrobank
Tel: 03-2731 1650 / +019-272 9907
Email: rasheffa@agrobank.com.my

--BERNAMA