KUALA LUMPUR: CIMB Islamic Bank Bhd has been named the Islamic Retail Bank of the Year at The Banker’s Islamic Bank of the Year 2023 awards.
This accolade recognises CIMB Group’s Islamic retail banking franchise for its excellence in bringing products and services to market while prioritising customer convenience and experience.
The Banker’s Islamic Banking Awards recognise institutions with innovative retail products and services, impactful deals, and meaningful sustainability initiatives that have Shariah-compliant finance structures at their core.
“We are truly honoured to be recognised as the Islamic Retail Bank of the Year by The Banker which is a testament to the team’s commitment in creating innovative Shariah-compliant solutions, in tandem with the growing market demand,” CIMB Islamic chief executive officer Ahmad Shahriman Mohd Shariff said in a statement.
“We would like to thank our customers for choosing us as their trusted partner and provider of choice. We will continue to serve our customers and deliver value adding and competitive products and services, aligned to the group’s Forward23+ strategic plan.”
The bank said notable products and services that contributed to the recognition were CIMB Islamic’s takaful offerings for legacy planning, which offer a wide range of family takaful products embedded with the concept of Hibah, providing certainty to the beneficiaries.
In addition to that, its comprehensive Shariah-compliant wealth management solutions also allow customers access to a wide range of markets and payout structures, as well as exposure to asset classes that are not easily accessible by retail investors.
CIMB Islamic said its commitment to sustainability, which was a strong contributing factor to the award, continued to be a long-term priority through products and partnerships that promote the preservation of the environment.