Declares commitment to anti-corruption principles
KUALA LUMPUR, Tuesday, [20 March 2012]: Bank Islam Malaysia Berhad (Bank Islam) today signed the Malaysian Corporate Integrity Pledge (CIP) raising its strong corporate governance, accountability and transparency culture up another notch.
The signing of the pledge, led by the Bank’s Managing Director, Dato’ Sri Zukri Samat and its management committee makes Bank Islam the first Islamic financial institution to commit to the Anti-Corruption Principles for Corporations.
Speaking at the ceremony, Dato’ Sri Zukri said: “Bank Islam is proud to join this effort by signing the pledge to eliminate corruption in our business activities and operations. We believe that Bank Islam should lead the way among banks to denounce corruption as it is ingrained in the teaching of Islam to be fair and just in our business dealings. Our support of the initiative reiterates our position as Malaysia’s most trusted banking brand.”
He also announced the launch of the Bank’s Integrity Hotline where staff and customers may call to report corruption cases without fear of prejudice.
The Chief Commissioner, Malaysian Anti-Corruption Commission, Y.Bhg. Dato’ Sri Hj. Abu Kassim bin Mohamed and the President of the Malaysian Institute of Integrity Y.Bhg. Datuk Dr. Mohd Tap Salleh witnessed the pledge signing ceremony, held at Menara Bank Islam.
Dato’ Sri Zukri said Bank Islam which has always strived for better results and greater heights, recently announced another record pre tax profit of RM 470.1 million for the financial year ending 31 December 2011 and a gross non performing financing ratio of 2.6%. The Bank’s growth, in no small part, is founded on good governance and sound risk management.
“Today, we stand as living proof that good governance, strong risk management culture and a zero tolerance policy towards corruption does make a significant difference,” he added.
With regards to the setting up of the Integrity Hotline, Dato Sri’ Zukri said: “The hotline will be handled by Bank Islam’s very own Feedback Channel & Distribution Department. Whistleblowers, be it internal or external, will be treated with strict anonymity and all cases will be treated seriously and thus investigated thoroughly.”
Over the years, Bank Islam has implemented many proactive measures to institutionalise the culture of integrity and has also implemented various policies such as the Anti-Money Laundering Policy and the Whistle-blowing policy, aimed at eliminating corruption among staff and clients.
The Bank’s compliance department produces monthly bulletins that highlight money laundering cases, statistics of corruption and fraud cases, ways to deal with suspicious transactions and those under Bank Negara’s wanted list and other relevant matters.
To translate the pledge into action the Bank will be conducting a series of programme in collaboration with both internal and external parties to create awareness among its stakeholders on the roles each can play to prevent acts of corruption. The series include:
- A two-day programme for Bank Islam staff called “Program Latihan Integriti SPRM” a compulsory training programme on integrity enhancement and corruption prevention.
- The “1 KORPORAT 1 INTEGRITI” programme which involves Bank Islam staff and the general public.
- A workshop session with the Bank’ vendors to educate the effects and impact of corruption and the benefits of maintaining integrity in business dealings.
As the latest signatory of the pledge, Bank Islam will become part of a network of companies registered on the website of the Malaysian Integrity Institute, and also on the Bursa Malaysia Berhad website to enable cross-checking/referencing among all signatories in future.