Tuesday, 24 October 2017, 3 Safar 1439H Solat Time:
KL Imsak 5:31 | Subuh 5:41 | Syuruk 6:56 | Zohor 1:00 | Asar 4:19 | Maghrib 6:59 | Isyak 8:10

Value-Based Intermediation


 Our Commitment Towards Sustainability
“Islamic finance, with all its ingrained principles, remains relevant in a world that is increasingly focused on societal and environmental wellbeing which operates within systems of clear governance. Islamic finance is well-positioned to lead inclusive growth that leverages on ecosystem of responsible finance.”

Khairul Kamarudin
Chief Executive Officer of Bank Islam Malaysia Berhad

Bank Islam now at the forefront of Bank Negara’s ‘Value-based Intermediary’ (“VBI)”) initiative that further enhances our ingrained sustainable businesspractices and values. The initiative is set to bring the Malaysian Islamic financial industry to the next level and unlock the full of potential of the industry. It will provide the platform for greater innovation in product and service offerings, with emphasis on entrepreneurship facilitation, community wellbeing, sustainable environment and economic growth, as well as ensuring better values for all stakeholders.

 

 

Bank Negara has been collaborating with major Islamic financial and banking institutions in the application of VBI practices within the industry. Rooted in the underlying values, moral compass and priorities of the Shariah principles, VBI aims to strengthen the impact and roles of Islamic banking institutions that will lead to a sound and sustainable Islamic financial ecosystem.

Find out more by reading A Strategy Paper by Bank Negara.

 

Being a Responsible Financial Entity is the core of this initiative, and to this end we have in place the Sustainability Framework and initiatives that reinforce our commitment towards Sustainability. Find out more about it by reading our Sustainability Report 2016.


Our efforts have also been recognised by the fact that we have received Asia’s first Best ESG Islamic Bank Award (The Asset Triple A), which acknowledges our contributions towards societal development, positive management of the environment and greater transparency. Read the Press Release here.

 

 

As a banking institution that has always put the needs of disenfranchised community at the core of its businesses, we have recently been recognised as ‘Company of the Year’ during the CSR Malaysia Awards 2017.

 

 

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