KUALA LUMPUR, July 25 – BIMB Holdings Berhad’s (BHB) was recently selected as top 20 finalists in PwC Malaysia’s Building Trust Awards 2019. It is an award which recognises Malaysian companies that make strides in building trust through their communications and interactions with stakeholders.
Selection of the finalists was made based on the quality of BHB integrated annual report benchmarked against the International Integrated Reporting Council (IIRC) Framework together with the measurement of trust perception via assessment of leadership trust and poll from the public. No submissions or nominations were accepted for this award.
Meanwhile, for the first time, BHB’s wholly-owned subsidiary, Bank Islam Malaysia Berhad (“Bank Islam”), has emerged top of the Bloomberg’s Global Sukuk league table from its 27th position (as at the end of 2018) in the first half of this year. It garnered a 17.31 per cent of the Global Sukuk market share, having successfully arranged landmark deals which raised a total of USD$5.15 billion (RM21.02 billion) worth of Sukuk.
Bank Islam also led the Bloomberg’s Malaysian Capital Market league table for the first time in the first half of the year in the category of issuances of Malaysian Bonds and Malaysian Ringgit Islamic Sukuk. As of 30 June 2019, its market share in the Malaysian Bonds and Malaysian Ringgit Islamic Sukuk stood at 34.71 per cent and 38.28 per cent respectively.
BIMB Investment Management Berhad (BIMB Investment), a full-fledged Islamic fund management company and a wholly-owned subsidiary of Bank Islam providing Shariah- environmental, social and governance (ESG) investment products and services to individual and corporate investors, was also awarded the ESG Asset Manager of the Year 2019 Award by The Asset Triple A Islamic Finance Awards 2019. The award is in recognition of its significant contributions and achievements in ESG, sustainability and asset management in Asia.
Bank Islam’s journey in ESG and sustainable investing started in 2015. Within four years, ESG efforts by the bank have gained traction and valued as an essential criterion in measuring the bank’s value, alongside fundamental analysis of its finances.
Chairman of BIMB Holdings Berhad, Tan Sri Ambrin Buang said: “We are indeed very proud of the achievements of our subsidiaries. I wish to extend our sincere appreciation to all stakeholders as these landmark achievements would not be possible without their trust and support. We shall continue to strive and deliver financing solutions to our clients, not only in the Islamic capital markets space but also in Islamic Finance in general.”