KUALA LUMPUR: Bank Islam Malaysia Bhd
has achieved a significant milestone by surpassing its initial target of RM4bil in green financing, achieving RM4.8bil in September 2024, well ahead of its 2025 goal.
The bank said this achievement highlighted its key role in advancing Malaysia’s green economy.
“Building on this success, Bank Islam has set an ambitious target to grow its sustainable finance portfolio to RM28bil by the end of 2025,” the bank said in a statement.
As a leader in syariah-compliant sustainable finance, the bank is committed to accelerating Malaysia’s green economy while generating lasting value for businesses, communities and the environment.
Bank Islam highlighted the Ihsan Sustainability Investment Account or ISIA, launched in 2023, as central to its sustainability strategy.
It will focus on investments aligned with the United Nations Sustainable Development Goals or SDGs and Bank Negara’s Climate Change and Principle-Based Taxonomy or CCPT.
The bank also supports Malaysia’s clean energy transition by facilitating renewable energy projects such as solar and hydropower, contributing to the National Energy Transition Roadmap and its net-zero emissions target by 2050.
Its group chief executive officer, Datuk Mohd Muazzam Mohamed, said the bank’s commitment to green finance goes beyond regulatory compliance.
The lender aims to create positive change that will shape Malaysia’s economy for generations. — Bernama
