16 October 2024
Kuala Lumpur: CIMB Islamic Bank Berhad and CIMB Investment Bank Berhad (collectively “CIMB” or “the Bank”) have been recognised with a total of 26 distinct awards at The Asset Triple A Islamic Finance Awards 2024. These awards underscore the Bank’s excellence in driving product innovations, as well as cement its position as a leader in the Islamic capital markets.
Ahmad Shahriman Mohd Shariff, Chief Executive Officer of CIMB Islamic said, “We are truly honoured by these awards, recognising a stellar year of contributions made by the Bank to the Islamic finance and investment banking landscape. It is testament to the capabilities, knowledge and unwavering commitment our team brings to meeting the needs of our clients."
“Our clients, both institutional and retail, are becoming more discerning as their needs change in the current environment, and I am pleased that the solutions we have brought to the market have helped meet those needs. We would like to express our deepest gratitude to our clients and customers for their support and trust."
Nor Masliza Sulaiman, Regional Head, Investment Banking and Deputy Chief Executive Officer of CIMB Investment Bank said, “We are humbled and grateful to be named the Best Islamic Investment Bank and Sukuk Adviser of the Year in Asia-Pacific. Beyond accolades, these distinctions reflect our strategic vision to champion the development of Islamic finance and investment banking through impactful, innovative and bespoke solutions that meet the evolving needs of our clients. Together in partnership with our clients, we look forward to driving the next chapter of growth and innovation in Islamic finance and investment banking."
The complete list of awards is as follows:
CIMB Islamic
1. Best Islamic Bank for Investment Solutions
2. Best Islamic Structured Product
3. Best Islamic Consumer Banking Product
CIMB Investment
Asia Pacific
1. Best Islamic Investment Bank
2. Sukuk Adviser of the Year
Malaysia
1. Best Sustainability Sukuk – Small Medium Enterprise
2. Best Sustainability Sukuk – Development Financial Institution
3. Best Sustainability Sukuk – Financial Institution
4. Best Sustainability Sukuk – Utilities
5. Best Sustainability Sukuk - Services
6. Best ASEAN Green SRI Sukuk – Renewable Energy / Solar – Highly Commended
7. Best ASEAN Green SRI Sukuk - Renewable Energy / Hydro
8. Best Quasi-Sovereign Sukuk
9. Best New Sukuk
10. Best Sukuk – Cooperative
11. Best Sukuk – Engineering & Construction
12. Best Sukuk – Power
13. Best Sukuk – Transport
14. Best Sukuk – Shipping
15. Best Sukuk – Telecom
16. Best Bank Capital Sukuk
17. Best Hybrid Sukuk
18. Best Islamic Acquisition Financing
Indonesia
1. Best Green Sukuk
2. Best Sukuk – NBFI
3. Best Sukuk – NBFI – Highly Commended
One of CIMB Islamic’s notable products and services included CIMB Islamic’s Daily Unrestricted Investment Account-i (“DURIAN-I”) which won the Best Islamic Consumer Banking Product award. DURIAN-i is its first sustainability-linked investment account (“IA”) where the funds will be invested in the Bank’s retail sustainable assets, showcasing its commitment to developing IA products.
Meanwhile, CIMB’s position as a frontrunner in the debt capital markets and the Environmental, Social, Governance (ESG) space has been recognised with multiple sustainability-related awards – notably, CIMB’s Best ASEAN Green SRI Sukuk – Renewable Energy (Hydro) award for RP Hydro’s issuance of RM975 million ASEAN Green SRI Sukuk Wakalah as the Sole Sustainability Adviser, Sole Financial Adviser, Sole Principal Adviser, Sole Shariah Adviser, Sole Lead Arranger and Sole Lead Manager. In addition to successfully creating fundraising access to Rising Promenade Sdn Bhd as a debut sponsor in their joint venture with Malakoff, this landmark transaction stood out as the first low-head, mini hydro project to be successfully financed via the debt capital markets, the largest greenfield non-recourse project financing bond deal in 2023 and the largest mini hydro project financing deal funded through the Malaysia Ringgit debt capital markets.
The Asset Triple A Islamic Finance Awards recognise the best Islamic banks and houses, as well as the deals that defined the industry each year. It adopts a rigorous approach in selecting the best Islamic institutions and transactions in the various countries.
