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Milestones

 


Over the years, the bank has chartered various milestones:

Year

Milestones of BANK ISLAM MALAYSIA BERHAD

2013
  • Appointed as the main banker for the Malaysian Government in conjunction with the implementation of ‘Sistem Perakaunan Luar Negeri’, which facilitates payment of foreign telegraphic transfers to countries across the globe
  • Upgraded the award-winning TAP-i functionality with the addition of mIBFT (mobile Internet Banking Funds Transfer) feature which enables money transfer or payment in real-time
  • Dato’ Sri Zukri Samat became the recipient of Islamic Banker of the Year 2013 award at the Global Islamic Finance Awards (“GIFA”) 2013 event, in recognition of his accomplishments at Bank Islam
  • Introduced electronic payment facility mPOS for the traders at Pasar Siti Khadijah in Kota Bharu, Kelantan, the first such implementation in the country
  • Ranked as the 5th strongest bank in Malaysia by The Asian Banker, a renowned global financial publication
  • Named ‘Most Innovative Islamic Bank in Malaysia’ in International Finance Magazine Awards 2013
  • Awarded ‘Islamic Bank of the Year (Malaysia)’ by The Banker publication
  • Trailblazer Awards 2013 by Banking & Payments Asia (“BPA”) saw Dato’ Sri Zukri Samat receiving the ‘Trailblazer of the Year 2013’ award in recognition of his achievements in helming the Bank to record profitability, and Bank Islam receiving ‘Special Commendation in Mobile Banking (Financial Inclusion)’ for its innovative TAP-i mobile banking solution
  • Named winner of the ‘Platinum Award’ for Islamic Financial Services for five consecutive years in the annual Reader’s Digest Trusted Brands Award 2013
    Pemenang anugerah ‘Platinum’ bagi Perkhidmatan Kewangan Islam untuk lima tahun berturut-turut dalam upacara tahunan ‘Anugerah Jenama Paling Berwibawa 2013 Reader’s Digest’
  • Awarded ‘IFN Deal of the Year (Equity) 2013’ by Islamic Finance News for the acquisition exercise by BIMB Holdings Berhad of the remaining Bank Islam share from Dubai Financial Group
  • Awarded two awards in the form of ‘Special Recognition Award for Payments Innovation’ in recognition of the Bank’s innovative use of Well Fargo’s Cyberpay web-based payment system, and Commerzbank’s ‘STP Award’, the fourth consecutive year Bank Islam has won since 2009
  • Expanded Bank Islam’s family of card offerings with the launch of VISA Platinum Credit Card-i
  • Launched Bank Islam Team Harimau VISA Debit Card-i in collaboration with the Football Association of Malaysia (“FAM”)
  • Introduced Labbaik Account-i, a 2-in-1 savings account with Takaful coverage tailored for customers who are saving up to perform Hajj
  • Introduced Property Financing-i (Tawarruq), a property financing product that utilises the Shariah concept of Tawarruq
     
2012
  • Awarded “Best Project Financing Deal of the Year in Southeast Asia” by Alpha Southeast Asia in its “Annual Deal and Solutions Awards 2012” for its role as the Joint Lead Manager of the DanaInfra Nasional’s Islamic Commercial Papers / Medium Term Notes programme
  • Awarded “Best Islamic Bank in Malaysia” by Islamic Finance News in “Best Banks Poll 2012”
  • Awarded “Anugerah Zakat Kebangsaan 2012 – Kategori Syarikat Awam Berhad” by Jabatan Wakaf, Zakat dan Haji (JAWHAR)
  • Launched the BIMB Dana Al-Fakhim, a money market fund
  • Awarded ‘Gold’ for ‘Best Annual Report in Bahasa Malaysia’ by National Annual Corporate Report Awards (NACRA) for the publication of Bank Islam Annual Report 2011
  • Launched the University Debit Card-i (“UniDebit”), an exclusive multipurpose, all-in-one card designed just for students and staff of Universiti Malaysia Kelantan (“UMK”)
  • Assigned improved Financial Strength rating of BBB and Foreign Currency long-term rating of BBB+ by Capital Intelligence (“CI”), an international credit rating agency
  • Launched of Islamic Dual Currency Investment-i (“DCI-i”), a fixed deposit product linked to the performance of a pair of foreign currencies based on the concept of Wakalah-lil-Istithmar (an agency contract for investment)
  • Named winner of the PLATINUM AWARD for Islamic Financial Services for four consecutive years in the annual Reader’s Digest Trusted Brands Award 2012
  • Named the winner of The Brand Laureate Awards 2011-2012 for best brands in Corporate Branding – Best Brands in Banking – Islamic Bank by The Asia Pacific Brands Foundation (APBF)
  • Signed the Malaysian Corporate Integrity Pledge (“CIP”). The signing of the pledge makes Bank Islam the first Islamic financial institution to commit to the Anti-Corruption Principles for Corporations
  • Launched its first full-fledged branch that provides seven-day banking services at AEON Seberang Prai Shopping Centre
  • Awarded the Malaysia Service to Care Awards 2012 for Islamic bank category by MarkPlus, Inc.
  • Punched through the one million barrier with the issuance of a total of 1.21 million Bank Islam Visa Debit Card-i users

2011

  • Financial magazine, The Asian Banker rated Bank Islam as the 4th strongest bank in Malaysia and 53rd strongest bank in Asia Pacific. Globally, Bank Islam was ranked 24th among Largest Islamic Financial Institutions and 34th among Global Islamic Strongest Banks
  • Joint Lead Arranger, Joint Lead Manager and Joint Shariah Adviser for the RM5.0 billion Islamic Securities Programme of TNB Janamanjung Sdn Bhd, which was awarded Project Finance International’s Asia Pacific Bond Deal of the Year 2011 and Islamic Finance New’s Ijarah Deal of the Year 2011 awards
  • Voted as the Best Islamic Bank in Malaysia by Islamic Finance News Awards 2011
  • Bank Islam’s Managing Director, Dato’ Sri Zukri Samat was awarded The BrandLaureate Brand Icons Leadership Awards 2011
  • DYMM Seri Paduka Baginda Yang di-Pertuan Agong Al-Wathiqu Billah Tuanku Mizan Zainal Abidin launched Menara Bank Islam that stands tall on a waqf land in Jalan Perak
  • Launched Al-Awfar Junior for customers below 18 years of age
  • Bank Islam’s Managing Director, Dato’ Sri Zukri Samat was awarded the Global Leadership Awards 2011
  • Awarded the “Anugerah Inovasi Islam Peringkat Kebangsaan 2011 bagi Inovasi Kewangan Islam” by MOSTI
  • Awarded the Malaysia Service to Care Awards 2011 for Islamic bank category by MarkPlus, Inc.
  • Named winner of the PLATINUM AWARD for Islamic Financial Services for three consecutive years in the annual Reader’s Digest Trusted Brands Award 2011
  • Named the winner of The Brand Laureate Awards 2010-2011 for best brands in Corporate Branding – Best Brands in Banking – Islamic Bank by The Asia Pacific Brands Foundation (APBF)
  • Introduced RM250 million BIMB i Dividend Fund
  • Announced the completion of a share subscription exercise which gives Bank Islam a strategic 20% stake in Amana Bank Limited (“Amana Bank”) in Sri Lanka. Amana Bank is poised to become Sri Lanka’s first Islamic commercial bank
  • Announced a record profit before zakat and tax (“PBZT”) of RM503.4 million for the 18-month period ended 31 December 2010. This translates into a 44% jump on an annualized basis over RM233.1 million as at end-June 2009
  • Launched the “Bank Islam Visa Debit Card-i”
  • Charted Malaysian corporate history by being the first Islamic bank to advise on a listing exercise. APFT Berhad, Malaysia’s leading flight education and training service provider, had appointed Bank Islam as Principal Adviser, Managing Underwriter, Underwriter and Placement Agent for its initial public offering (IPO) in conjunction with its listing on the Main Market of Bursa Malaysia Securities Berhad

2010

  • Launched its 100th branch in Bukit Damansara
  • Launched Waheed-i, the first of its kind in Malaysia for corporate customers. It is a Malaysian Ringgit fixed term deposit product based on the Shariah contract of Wakalah (Agency). It is the first Shariah-based deposit product that meets both local and international Shariah standards
  • Named the winner of The Brand Laureate Awards 2009-2010 for best brands in Corporate Branding – Best Brands in Banking – Islamic Bank by The Asia Pacific Brands Foundation (APBF)
  • Launched the Islamic pawn-broking (Ar-Rahnu) which was officiated by Prime Minister Dato’ Sri Mohd Najib Tun Hj Abdul Razak
  • Named winner of the Platinum Award for Islamic Financial Services for two consecutive years in the annual Reader’s Digest Trusted Brands Award 2010
  • Entered into a strategic collaboration with Tune Talk, Malaysia’s newest mobile service operator, to increase the subscriber base of Bank Islam Card (BIC)
  • Bank Islam and Barclays Capital Markets Malaysia Sdn Bhd signed a Memorandum of Agreement for Collaboration on Customization of Islamic Investment Products and Hedging Solutions
  • Bank Islam and Universiti Teknologi MARA (UiTM) unveiled the “Bank Islam – UiTM Alumni Platinum MasterCard Card Sentiasa Di Hatiku” to raise funds for UiTM’s Scholarship Fund called “Tabung Mengubah Destini Anak Bangsa”
  • Launched another first, offering consumers Malaysia’s first truly mobile banking service. With Transact at Palm or TAP Mobile Banking-i, account owners can perform banking transactions anywhere and anytime, without internet access.

2009

  • Nationwide branch expansion
  • Awarded Reader’s Digest “Platinum Trusted Brand Award 2009 for Islamic Financial Services”
  • Awarded The Edge-Lipper Malaysia Fund Awards 2009 for ASBI Dana Al-Munsif “Best Mixed Asset MYR Balanced Islamic Fund” for period ending December 2008, managed by Bank Islam subsidiary BIMB Investment Management Berhad
  • Bank Islam is the sole Islamic bank and the only commercial bank that the Securities Commission approved under its list of Principal Advisers for specific corporate proposals in Malaysia.
  • Awarded “Best Mixed Asset MYR Balanced Islamic Fund” for period ending December 2008 in conjunction with The Edge-Lipper Malaysia Fund Awards 2009 for Bank Islam’s ASBI Dana Al-Munsif managed by its subsidiary, BIMB Investment Management Berhad
  • Strategic Collaboration between Bank Islam subsidiary Bank Islam Trust Company (Labuan) Ltd and Bank Muamalat Indonesia Group to cooperate in the promotion of Islamic trust products to the world’s largest Islamic population
  • Launched Al-Awfar, a first-of-its-kind combination of savings-i and investment-i account which offers cash prizes
  • Awarded Reader’s Digest “Platinum Trusted Brand Award 2009 for Islamic Financial Services”
  • Manager for the Terengganu Investment Authority RM5.0 billion IMTN Programme guaranteed by the Government of Malaysia; a landmark 30-year issue, being the longest tenured bond issued in Malaysia for both Sukuk and conventional bond markets
  • Launched “Sinar Letrik Home Campaign” where the Bank will help home owners pay their electricity bills for five consecutive years under a collaboration entered into with Tenaga Nasional Berhad.
  • Sole Islamic bank and the only non-investment bank that the Securities Commission approved under its list of Principal Advisers for specific corporate proposals in Malaysia
  • The first Commercial Bank as Adviser for equity-linked transactions for YSP Southeast Asia Holdings Berhad on Rights Issue
  • Transacted the first asset swap transaction for Bank Islam; which entails applying hedge accounting for the first time to the bond portfolio
  • Transacted the first Islamic equity option transaction for Bank Islam
  • Launched a new line of business i.e. Bulk Payment Foreign Exchange transaction
  • Introduced a new customer service i.e. daily market news update via SMS
  • First Bank to join effort with LTH in launching the Uniteller Service which enables performance of LTH transactions and Hajj registration at any Bank Islam branches nationwide
  • Launched Ziyad NID-i, an investment product structured to take advantage of the recovery of Asia’s equity markets. Ziyad NID-i is a 5-year investment product in the form of Islamic Negotiable Instruments

2008

  • Celebrates its 25th anniversary
  • Recorded highest profit of RM308.27 million in 25 years
  • Launched a new product called “Commodity Undertaking-i”, an Islamic option based product to be used for asset liability management purpose and investment purpose
  • Launched our first Islamic structured and capital protected funds, An Najah NID-i, the first Shariah-based structured product with health care as the investment theme
  • Expanded its foreign currency retail services with the opening of its first bureau de change (“BDC”) outlet at the Low Cost Carrier Terminal (LCCT), Kuala Lumpur International Airport

2007

  • Entered into its first Islamic cross-currency swap agreement
  • Launch of the new corporate identity of Bank Islam, officiated by a Minister at the Prime Minister’s Office, YB Dato’ Dr. Abdullah Md Zin
  • Embarked on Branch Remodeling exercise
  • Announcement of a profit before zakat and tax (PBZT) of RM255.49 million for the financial year ended 30 June 2007 (FY2007), its highest ever in 24 years
  • Signing of a strategic collaboration deal with the European Islamic Investment Bank plc (EIIB), a gateway for Bank Islam to make inroads into the European market

2006

  • Voted Best Provider of Islamic Finance in Malaysia by Finance News’ Best Islamic Banks Poll 2005
  • First bank in South East Asia to introduce an Islamic Platinum MasterCard
  • Awarded Platinum Award for Best e-commerce Related Initiative in Asia-Pacific by MasterCard Worldwide
  • Introduced Wiqa’ Forward Rate Agreement, a Shariah-based financial hedging tool to facilitate in-house risk management
  • Dubai Islamic Investment Group (DIG) and Lembaga Tabung Haji (LTH) purchased a 40 per cent and 9 per cent stake each in Bank Islam.

2005

  • Awarded ISO BS7799 Certification by SIRIM for IT related services covering planning, software development, operations and user support services and data center services

2004

  • First bank in Malaysia to offer SMS banking service (bankislam.sms) using any mobile operators

2003

  • Launched its Internet banking
  • First bank to offer zakat (tithe) payment facilities via ATM and credit card

2002

  • First bank in the Asia-Pacific region to introduce EMV-compliant credit cards with chip-based system following the launch of Bank Islam MasterCard
  • Co-manager for Malaysia Global Sukuk Inc, the world’s first Islamic sovereign Sukuk

2001

  • Excellence Performance Award by Association of Islamic Banking Institutions Malaysia (AIBIM)
  • Lead arranger for First Global Sukuk Inc, the world’s first Islamic global corporate Sukuk
  • Rated “A” by Malaysia Rating Corporation (MARC)

2000

  • Awarded ISO 9001:2000 Certification by SIRIM for its Trade Financing and Bills operations

1997

  • Launched its website: www.bankislam.com.my
  • Developed its Total Islamic Banking Solutions under its MIS Upgrade Program
  • BIMB Holdings Berhad was formed to replace Bank Islam as the Group’s holding company and to assume the Group’s listing status

1992

  • The first Islamic financial institution to be listed on Bursa Malaysia Securities Berhad
  • The first bank in Malaysia to introduce the chip-based ATM card (Smart Card)

1990

  • Lead arranger for Shell MDS Sdn. Bhd., Malaysia’s first ringgit-denominated Islamic corporate bond issuance

1983

  • Officially launched on 1 July 1983 by former Prime Minister Tun Dr Mahathir Mohamad, Bank Islam was incorporated with an authorized capital of RM500 million and a paid-up capital of RM79.9 million
  • First Islamic bank in Malaysia to cater to the specific financial needs of Muslims
  • Bank Islam is ultimately the flag-bearer for the country’s Islamic financial services industry

 
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