^{Ahmad Shahriman Mohd Shariff, Chief Executive Officer of CIMB Islamic Bank Berhad}


CIMB Islamic wins Best Islamic Bank in Malaysia for seventh consecutive time   

KUALA LUMPUR, Feb 22 (Bernama) -- CIMB Islamic Bank Berhad and CIMB Investment Bank Berhad (collectively “CIMB” or “the Bank”), together with Unit Usaha Syariah PT Bank CIMB Niaga Tbk (“CIMB Niaga Syariah”) have been recognised with nine awards at the IFN Best Banks Poll 2022 and IFN Deals of the Year 2022. Notable achievements were CIMB Islamic’s seventh consecutive win as Best Islamic Bank in Malaysia and CIMB Niaga Syariah’s maiden win as Best Islamic Bank in Indonesia.
 
The IFN Best Banks Poll recognises the best providers of Islamic financial services across a series of markets and sectors as voted by the readers of Islamic Finance News, while the IFN Deals of the Year is awarded to the industry’s most ground-breaking transactions each year.
 
The complete list of awards is as follows:
 
IFN Best Banks Poll 2022
 
• Best Islamic Bank in Malaysia – CIMB Islamic Bank
• Best Islamic Bank in Indonesia – CIMB Niaga Syariah 
• Best Investment Bank in Malaysia – CIMB Islamic Bank
• Best Investment Bank in Indonesia - CIMB Niaga Syariah
• Best Corporate Bank in Indonesia – CIMB Niaga Syariah
• Most Innovative Bank in Indonesia – CIMB Niaga Syariah
 
IFN Deals of the Year 2022
 
• IFN Equity & IPO Deal of the Year 2022 (Farm Fresh's RM1.1 billion IPO) – CIMB Islamic Bank
 
• IFN Structured Finance Deal of the Year 2022 (Amanat Lebuhraya Rakyat's RM5.5 billion Sustainability Sukuk Murabahah) – CIMB Investment Bank
 
• IFN Malaysian Deal of the Year 2022 (Amanat Lebuhraya Rakyat's RM5.5 billion Sustainability Sukuk Murabahah) – CIMB Investment Bank 
 
Ahmad Shahriman Mohd Shariff, Chief Executive Officer of CIMB Islamic said, “We are honoured to have been selected as a market leader in banking and finance in the IFN Best Banks Poll 2022 for Islamic banking, investment banking and corporate banking in Malaysia and Indonesia, which are two of CIMB’s key markets. This includes the outstanding recognition of Best Islamic Bank in Malaysia for seven consecutive years, which underscores our innovations in Islamic and sustainable finance for our customers and clients, as well as the contributions we have made to the community and environment. Meanwhile, the IFN Deals of the Year 2022 recognise a stellar year of contribution by CIMB to both the Islamic finance and investment banking markets. These achievements were made possible by our teams’ deep industry knowledge and ongoing commitment to excellence, innovation, and customised client funding needs. We would like to thank our clients for their continuous support and share these successes with them, as we continue to work towards realising our Forward23+ strategic plan to be the leading focused ASEAN Bank.”
 
CIMB’s Islamic finance franchise in Malaysia showcased a year of excellence which contributed to the dynamism and growth of the Islamic markets through a continued commitment to customer-focused products and services, as well as embedding innovation in its range of Shariah-compliant offerings. As an active proponent of value-based intermediation, CIMB Islamic has consistently supported the development and growth of SMEs and the green economy through programmes such as Program Keusahawanan Taylor’s - CIMB Islamic, CIMB GreenBizReady and CIMB MicroBizReady. In addition, CIMB Islamic also supports Bank Negara Malaysia’s iTEKAD umbrella initiative through its iTEKAD CIMB Islamic Rider Entrepreneur Programme which aims to help the B40 community achieve financial resilience and generate sustainable income through job opportunities and training on entrepreneurship.  
 
On the capital markets front, Farm Fresh Berhad’s RM1.1 billion IPO was Malaysia’s largest Main Market listing for 2022, supported by 30 cornerstone investors, the highest number of cornerstones in a Malaysian IPO ever so far. CIMB’s notable Malaysian sustainability Sukuk deals in 2022 include TNB Power Generation Sdn Bhd’s RM10 billion Sukuk programme, Amanat Lebuhraya Rakyat's RM5.5 billion Sustainability Sukuk Murabahah, and Pengurusan Air SPV Berhad’s RM2.0 billion Sukuk programme.
 
In Treasury & Markets, CIMB’s strong credentials has been able to support clients as they seek funding and capital needs, especially in sustainable finance. This was evident through landmark transactions, such as the Sustainability-Linked Treasury Programme that allows clients to embed their environmental, social and governance (“ESG”) aspirations in thematic treasury risk management solutions. CIMB’s RM1.0 billion Sustainable Collateralised Commodity Murabahah transaction with Standard Chartered Saadiq Malaysia also underscored its market leadership in sustainable finance, enabling efficient funding secured by high-quality eligible Islamic sukuk assets. 
 
In Indonesia, CIMB Niaga Syariah ranked no. 1 amongst the Unit Usaha Syariah (Islamic Banking window) by assets, financing and deposits, supported by industry-leading products for customers and SMEs. Meanwhile, in capital markets, CIMB Niaga Syariah executed a milestone Sukuk issuance which was the Republic of Indonesia’s US$3.25 billion Global Trust Certificate including a US$1.5 billion Green Sukuk tranche.
 
About CIMB
 
CIMB is one of ASEAN’s leading banking groups and Malaysia’s second largest financial services provider, by assets. Listed on Bursa Malaysia via CIMB Group Holdings Berhad, it had a market capitalisation of approximately RM53.7 billion as at 30 September 2022. It offers consumer banking, commercial banking, wholesale banking, transaction banking, Islamic banking and asset management products and services. Headquartered in Kuala Lumpur, the Group is present in all 10 ASEAN nations (Malaysia, Indonesia, Singapore, Thailand, Cambodia, Brunei, Vietnam, Myanmar, Laos and Philippines). Beyond ASEAN, the Group has market presence in China, Hong Kong, India, South Korea, the US and UK.
 
CIMB has one of the most extensive retail branch networks in ASEAN with 606 branches and around 33,000 employees as at 30 September 2022. CIMB’s investment banking arm is one of the largest Asia Pacific-based investment banks, which together with its award-winning treasury & markets and corporate banking units comprise the Group’s leading wholesale banking franchise. CIMB is also the 92.5% shareholder of Bank CIMB Niaga in Indonesia, and 94.8% shareholder of CIMB Thai in Thailand.

Source: CIMB Group
 
FOR MORE INFORMATION, PLEASE CONTACT:
Name: Hishamuddin Omar / Anis Azharuddin
Group Corporate Communications 
CIMB Group Holdings Berhad
Email: hishamuddin.omar@cimb.com / anis.azharuddin@cimb.com 

--BERNAMA