Malaysia and ASEAN’s largest Islamic bank in terms of total assets, Maybank Islamic Berhad has emerged as the Best Global Islamic Financial Institution award, its first ever, at the Global Finance Awards 2017 ceremony, held in Washington last Saturday. 

It was also recognised as the Best Global Sukuk Bank and Best Global Provider of Shariah-Compliant Short-Term Investments – the Bank’s second consecutive wins in both categories. 

The Bank was also named the Best Islamic Financial Institution in Asia Pacific, and it also clinched the country awards for Malaysia and Singapore. 

The awards ceremony took place on October 14 at the Washington D.C’s National Press Club during the annual IMF/World Bank meeting. 

Maybank Group Head, Islamic Banking and Maybank Islamic Chief Executive Officer, Datuk Mohamed Rafique Merican was present at the ceremony to receive the awards. 

“We are honoured to have been recognised as the World’s Best Islamic Financial Institution, after having won the best in Asia Pacific for four times since 2012 - a recognition of the commitment and capability demonstrated by the Maybank Group and Maybank Islamic in pursuing its Global Islamic banking leadership aspirations,” he said. 

He also attributed the adoption of the Islamic First strategy by the Group which has led to Maybank Islamic being recognised globally as one of the leading financial institutions in the industry. 

“Winning such a prestigious international award will spur us to improve further our service delivery to our customers, our contribution to the community and the Islamic banking industry. Our gratitude and appreciation goes to all our customers and stakeholders for their continuous support in making Maybank Islamic a leading player within the industry,” said Mohamed Rafique.

This is the 6th consecutive year Maybank Islamic has won the Best Islamic Financial Institution Award in Malaysia since 2012, and also the fourth time it has been named best in Singapore from Global Finance, the official media partner of the IMF/World Bank 2017 annual meetings. 

Global Finance publisher and editorial director Joseph Giarraputo in a statement said the winners of this year’s awards are those firms that contributed to the growth of Islamic finance and successfully met their customers’ needs for Shariah-compliant products and services. 

All selections were made by the editorial team of Global Finance after extensive consultations with bankers, corporate finance executives and analysts throughout the world. 

“This year’s winners of our awards for the Best Islamic Financial Institutions win client loyalty and praise by their sensitivity to the needs of Shariah-compliant customers and creating financial structures wholly in keeping with Shariah principles,” said Giarraputo.

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