Maybank Islamic wins Islamic Bank of the Year award

PETALING JAYA: Maybank Islamic Bhd has emerged as the Asia-Pacific winner of The Banker’s Islamic Bank of the Year in 2017.

It also received recognition and accolades in the country awards category for Malaysia.

Owned by the Financial Times Group, The Banker provides economic and financial intelligence for the world’s financial sector.

“The recognition came following what the London-based publication, The Banker described as “a set of impressive performance indicators” in 2016 coupled with a steady regional growth story,” it said in a statement yesterday.

Maybank Islamic CEO Datuk Mohamed Rafique Merican said he credited the achievements to the bank’s dedicated employees and sound risk management practices across the Maybank Group.

“We are honoured to be recognised as the Islamic Bank of the Year not just for Malaysia but also in Asia Pacific. This is a testimonial of our commitment and capability to effectively leverage on our position as the leading Islamic bank in the region to deliver value to our customers and communities across the region and beyond,” he said.

Going forward, he said, the bank intends to enhance its global brand visibility, continue to deepen its existing regional presence, and take more leading role in promoting Islamic social finance via its zakat and waqf initiatives, in line with Maybank Group’s mission of humanising financial services.

Maybank Islamic is Asean’s leading Islamic bank and is the largest Islamic commercial bank in Malaysia with a market share of 33.9% in Islamic financing and 29.7% for deposits and investment accounts as at March 2017.

For the first quarter ended March 31, 2017, Maybank Islamic’s total assets stood at RM180.3 billion, registering a growth of 12% year-on-year.