Malaysia’s CIMB awarded best Islamic bank of the year

CIMB Group's global Islamic banking and finance franchise, has been honored as The Global Islamic Bank of the Year and Asia-Pacific Islamic Bank of the Year by the world's longest running international banking publication, the Banker.

In its inaugural Islamic Bank of the Year Awards, The Banker honored CIMB Islamic with its two most prestigious accolades in recognition of the bank's strong management, sound business model and prudent risk approach, reported Taqrib News Agency (TNA).

"We achieved record-breaking revenue growth in 2012. We attribute this strong growth to our business model, what we call "the dual banking leverage model", which allows us to have effective and real scale, as well as depth, in our ability to support the needs of consumers in the market we serve," said Executive Director and Chief Executive Officer Badlisyah Abdul Ghani.

In addition, CIMB Islamic was also crowned Asia and Malaysia's Islamic Bank of the Year, Asia-Pacific's Best Islamic Investment Bank, Best Islamic Asset Management House and Sukuk House of the Year at The Asset magazine's recent Triple A Islamic Finance Awards 2013, further cementing the bank's leadership in the thriving Islamic finance industry.

HK

https://taghribnews.com/vdcdx50foyt0s56.em2y.html