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Bank Islam Wins 'Best Islamic ESG Bank' Award
Last update: 13/07/2017

KUALA LUMPUR, July 13 (Bernama) --†Bank Islam Malaysia Bhd has won the ?Best Islamic Environmental, Social and Governance (ESG) Bank' at the recent†The Asset Triple A Islamic Finance Awards 2017 here.†

In a statement today, Bank Islam said, notable for being the first of its kind ever awarded by The Asset publication, the award emphasised the ESG components guided by syariah principles.†

"It is a great honour to be recognised by The Asset for the work that we have done, and how we set about ensuring that what we do is always right by our stakeholders and of great benefits to them", Chief Executive Officer, Khairul Kamarudin,†said in a statement today.†

The bank said the award reflected its commitment towards becoming†a responsible†financial entity, while†upholding its social and environmental responsibilities.

"Among other things, the bank supports†infrastructure projects which involves planning and securing sustainable resources for the country,†like environmentally-friendly waste management businesses.

"It also provides green financing to deserving projects such as hydroelectric and solar farms," it said.

The bank also won the 'Best Islamic Fintech Deal' award for financing the†Koperasi Kakitangan Kumpulan BIMB Holdings Malaysia Bhd.

The Asset Triple A Islamic Finance Awards, organised by The Asset publication, are one of the premier awards for Islamic Finance in Asia's financial industry.

The awards, †with its meticulous†approach in selecting the best Islamic banks and houses and transactions in various Asian countries, remain†as a†benchmark in†the industry.



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US 3.9070/9100
S'pore 2.9500/9529
100 Yen 3.5824/5868
Sterling 5.4612/4674
Euro 4.7751/7792
Source: Bank Negara Malaysia

Starting April the banks have imposed a 50 sen processing fee on top of the 15 sen stamp duty on each cheque. The fee also applies to those applying for a Bankerís Cheque, Bank Draft and Cashierís Order. Do you think this additional charge is justified?

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