Maybank clinches 22 Islamic finance awards

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Malayan Banking Bhd’s Islamic, Investment Banking and Singapore operations have won 22 awards at The Asset Triple A Islamic Finance Awards 2022.

Group president and chief executive officer Datuk Khairussaleh Ramli said these wins are a recognition of Maybank’s commitment and capability in its pursuit of becoming the global leader in Islamic finance.

“Our aspiration goes beyond growing our assets — we also aim to be a leader in providing world-class shariah-compliant products and solutions.

“As Malaysia’s largest banking group and with our regional footprint, we are well positioned to continue championing the commonality between Islamic finance and sustainability practices,” he said in a statement.

Among the 22 awards, Maybank Islamic retained its position as Islamic Bank of the Year in Asia Pacific and in Malaysia for the ninth consecutive year.

It also won the Best Islamic Retail Bank in Malaysia award, a title it has held since 2010, while Maybank Islamic gold account (MIGA-i) was named Best Investment Product.

Maybank Investment Bank clinched its fourth consecutive wins for Best Islamic Investment Bank in Asia Pacific and Malaysia, and Sukuk Adviser of the Year, Asia Pacific, as well as its sixth consecutive win for Sukuk Adviser of the Year, Malaysia.

The investment bank also collected 11 awards in the Best Deals by Country category.

Meanwhile, Maybank’s sustainable finance was recognised with awards for Best Sustainability SRI Sukuk, Best Sustainability-linked Term Financing, Best Asean Sustainability Sukuk and Best Green Loan.

For the Best Sustainability SRI Sukuk award, Maybank Investment Bank was principal adviser, lead arranger and lead manager, while Maybank Islamic was shariah adviser for Bank Pembangunan Malaysia’s inaugural RM450 million sustainability SRI Islamic medium-term notes.

The issuance was upsized from its initial target of RM300 million due to strong demand, and complements Bank Pembangunan’s impact assessment framework, which is anchored on the UN Sustainable Development Goals.

Maybank Singapore also bagged two Best Green Loan awards for its role as arranger of Royal Group of Companies’ SG$250 million Islamic green financing, a world-first in the hospitality sector.

The Asset Triple A Islamic Finance Awards recognises the best Islamic banks and houses, as well as the deals that define the industry during the review period.

Shares of Maybank closed five sen or 0.6% lower at RM8.54 on Tuesday (Nov 1), giving it a market capitalisation of RM102.94 billion.— Theedgemarkets

 

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