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Awards

Bank Muamalat has received several awards and recognition over the years

Description of the Deal

GLOBAL RECOGNITION AS CEO OF THE YEAR 2024 BY GIFA
BANK MUAMALAT’S PCEO KHAIRUL KAMARUDIN
20 September 2024.

Description of the Award

This accolade is a testament to En. Khairul’s exemplary leadership in propelling Bank Muamalat’s emergence as a key player in the Islamic finance sector. En. Khairul’s win came after a rigorous selection process where he stood out among prominent global industry leaders due to his visionary approach, strategic leadership, and unwavering commitment to Islamic finance principles.

Global Islamic Finance Awards (GIFA) have become the most prestigious recognition platform for excellence in Islamic finance. Each year, GIFA spotlights individuals and institutions that demonstrate outstanding leadership in promoting and advancing Islamic finance.

Awarded by
The Global Islamic Finance Awards (GIFA)

Description of the Deal

ASEAN Islamic Banking Excellence Awards 2024

Description of the Award

The ASEAN Islamic Banking Excellence Awards are an esteemed recognition program within the ASEAN region that honors outstanding achievements and contributions in the field of Islamic banking. This prestigious award acknowledges banks, financial institutions, and individuals that have demonstrated excellence, innovation, and leadership in various aspects of Islamic banking services and products.

Awarded by
The KSI Strategic Institute for Asia Pacific (KSI)

Description of the Deal

IFN Deals of the Year 2023
– IFN Regulatory Deal of the Year

Description of the Award

Bank Muamalat Malaysia’s inaugural RM350.0 million additional Tier 1 Sukuk

Role:
Issuer, Joint Principal Adviser/Joint Lead Arranger & Joint Lead Manager

The Award is a testament of the succesful inaugural issue of RM350.0 million Additional Tier 1 Sukuk Wakalah by Bank Muamalat Malaysia Berhad which have gathered wide interests from the investors notwithstanding its BBB rating category. BMMB also acted as the Joint Principal Adviser/Joint Lead Arranger & Joint Lead Manager for the deal.

IFN Awards are considered to be the pinnacle and most highly regarded Awards in the Islamic finance industry.

Description of the Deal

Anugerah Prestasi Terbaik 2022 – 2023

Description of the Award

Anugerah Prestasi Terbaik 2022-2023 Bank Muamalat Malaysia Berhad” refers to the recognition of outstanding performance achieved by Bank Muamalat Malaysia Berhad during the years 2022-2023.

Awarded by
Syarikat Jaminan Kredit Perumahan (SJKP)

Description of the Deal

TALENTBANK Graduates Choice Award 2023

Description of the Award

Bank Muamalat Malaysia Berhad was honored with the most prestigious awards at the 6th Graduates’ Choice Award (GCA) 2023, marking a significant achievement. This accolade stands as a testament to the bank’s unwavering commitment to attracting and retaining top graduate talent from Malaysia’s premier universities.

Most Improved Islamic Retail Bank in Malaysia 2023 and IRBA CEO of the Year 2023

Cambridge Institute of Islamic Finance, in collaboration with Hamdan Bin Mohamed Smart University, Dubai, United Arab Emirates (UAE)

Description of the Deal
Most Improved Islamic Retail Bank in Malaysia 2023 and IRBA CEO of the Year 2023

Description of the Award
Bank Muamalat Malaysia Berhad is honored to have received the esteemed “Most Improved Islamic Retail Bank in Malaysia 2023” and “IRBA CEO of the Year 2023” awards at the prestigious 9th Islamic Retail Banking Awards (IRBA) 2023 Ceremony held in Manama, Bahrain on 29 November 2023, under the Top Islamic Retail Banking category.

IRBA, in its 9th year, stands as a global platform acknowledging excellence in Islamic retail banking. This year’s ceremony saw over 50 leading entities from across the globe striving for recognition, emphasizing the pivotal role of Islamic financial services in the international market.

Islamic Financial Institution

Unit Trust Investments

Description of the Deal

Top Asset Under Administration (AUA)

Description of the Award

Bank Muamalat Malaysia Berhad bagged the Top Asset Under Administration (AUA) for 2021 at the iFAST Awards Night 2022 held at the Grand Hyatt Hotel Kuala Lumpur on 16 June 2022, under the Islamic Financial Institution category.

Bank Muamalat Malaysia Berhad won the Top Asset Under Administration (AUA) in 2021 for the recognition of the Bank’s hard work, support and achievement in sales of unit trust investments.

Best Deals by Country – Best Bank Sukuk

Investment Banking Department

Description of the Deal

Role: Joint Lead Manager

Facility: RM10.0 billion Sukuk Wakalah Programme

Description of the Award

The recognition of Bank Kerjasama Rakyat Malaysia Berhad (Bank Rakyat) Sukuk issuance was attributed to its successful dual-tranche offering of its first series sukuk issuance under the sukuk programme, which was upsized to RM700.0 million due to strong demand and allows the bank to tighten the final pricing. The offering was drawn from Bank Rakyat’s first senior sukuk programme with the element of sustainable / SRI sukuk, which is strategic to achieve its environmental, social and governance (ESG) / Sustainable Development Goal (SDG) objectives in its lending business. Bank Muamalat Malaysia Berhad acted as the Joint Lead Manager for this transaction.

Best Musharakah Deal in Southeast Asia 2018 – Project Ar Rahn 3

Investment Banking Department

Description of the Deal

Role: Sponsor Bank & Lead Arranger

Facility: RM20.0 million Investment Offering on Investment Account Platform (IAP)

Description of the Award

Muamalat Venture’s Project Ar Rahn 3’s RM20.0 million (US$5.5 million) was recognised as the Best Musharakah Deal in Southeast Asia due to the uniqueness of structured investment / quasi-equity offering with underlying Musharakah investment. BMMB acted as the Sponsor Bank and Lead Arranger for this transaction.

Best Deals by Region (Digital Finance): Best Investment Account Platform – Project Ar Rahn 1

Investment Banking Department

Description of the Deal

Role: Sponsor Bank & Lead Arranger

Facility: RM20.0 million Investment Offering on Investment Account Platform (IAP)

Description of the Award

Project Ar Rahn 1 was the first Musharakah structure / equity-linked investment offering on investment account platform with the investment performance based on the performance of the underlying Musharakah asset. BMMB acted as the Sponsor Bank and Lead Arranger for this transaction.

Excellence Award by Citibank Berhad

Bank Muamalat Malaysia Berhad (BMMB) has won the US Dollar Payments Straight through Processing (STP) Excellence Award by Citibank Berhad (“Citibank”) for two consecutive years, 2017 and 2018. This is in recognition of BMMB registering US Dollar STP in our Treasury Payments STP rates of 97% for both 2017 and 2018.

The Award is presented by Citibank annually in recognizing financial institutions that have proficiently processed foreign currency settlements with an STP success rate of at least 95% and above. STP refers to the full automation of payment transactions which financial institutions receive and process a payment automatically without error, repair or the requirement of any manual intervention. A financial transaction using STP will be delivered to the recipient in a timely manner without any delay and with no additional costs due to repairs or errors.

(Banking & Finance Sector)

Global Wealth & Society Awards 2018

The Wealth and Society International Advisory Council, has, after stringent evaluation under the Global Wealth and Society Awards program, awarded Bank Muamalat’s Muamalat Gold-i the award of Best Alternative Investment Asset for Wealth and Society in Malaysia (Shariah Compliant Gold Investment) Award.

The award was presented at the Global Wealth & Society Awards 2018 gala dinner held at The Courthouse Hotel, Shoreditch, London on 8 November, 2018. Our CEO, YBhg Dato’ Mohd Redza Shah Abdul Wahid was on hand to receive the award on behalf of the bank accompanied by Pn Noor Azean Abdul Aziz, Head, Retail Banking Division and Pn Sarimah Bashah, Head, Wealth Management Department.

Bank Muamalat Malaysia Berhad was the only local Islamic financial institution in Malaysia to have won the prestigious award amidst competition from the likes of international organizations such as DBS Bank (Singapore), China Merchant Bank (China), Bank Mandiri (Indonesia), KB Kookmin Bank (Korea), TEB Private Bank (Turkey) and Standard Chartered Bank (Ghana).

During the participant’s networking and workgroup session, our team of Puan Noor Azean and Puan Sarimah did the bank proud by coming FIRST and beating out other international participants with their presentation on Impactful global wealth distribution to society in providing shelter, quality education and healthcare. The presentation was acknowledged by Dr Gordian Gaeta, a prominent banking consultant and Chairman of the Wealth and Society Programme. The win came with a cash prize of 500 Pounds Sterling which will be graciously donated to charity.

(Banking & Finance Sector)

Pioneer of Islamic Banking Award 2016

Bank Muamalat Malaysia Berhad was awarded with the “Pioneer of Islamic Banking Award 2016” by GIFA in Jakarta on 29 September, 2016. The event was graced by His Excellency President Joko Widodo. The objective of GIFA is to highlight best practices in Islamic banking and celebrate the success of institutions in promoting social responsibility and commitment to Islamic banking. Bank Muamalat’s pioneering initiatives on launching the first ever IAP deal, the innovative CASA Tawarruq product, first ever Waqf-based Debit Card and efforts in promoting Muamalat Gold-i, have laid the foundations for greater success of the bank. Pursuant to these achievements, the GIFA Committee have recognized Bank Muamalat for this prestigious award. Dato’ Redza was quoted in the programme handbook with the following excerpt: “This is a recognition which I wish to dedicate to all staff, management, Shariah committee and Board members for their leadership, commitment and hardwork towards making Bank Muamalat a banker of choice for the communities that we serve” .

(Banking & Finance Sector)

The 2016 Best Transformation Project

Singapore, Westin Hotel, 9 June 2016– The 2016 Best Project of the Year went to Bank Muamalat Malaysia Berhad for successfully completing the first phase of their transformation project. Management Events’ Project of the Year Award is an annual recognition of an idea that has greatly contributed to a company’s growth and development. The nominees and the winner were chosen by the Awards Committee and/or by the event’s participants.

The 2016 Best Transformation Project of the Year went to Bank Muamalat Malaysia Berhad for successfully completing the first phase of their transformation project. The bank got the nod for changing 58 parts within 24 months, in spite of limited talent and resources. Executive Vice President of ICT Gary Chin received the award.

(Banking & Finance Sector)

Wealth Briefing Asia Singapore

Singapore, Westin Hotel, 9 June 2016– ClearView Financial Media one of the world’s leading provider of business intelligence in the private banking and wealth management space based in London, United Kingdom has selected Bank Muamalat as a finalist alongside large established financial institutions and global players for a few categories in its WealthBriefingAsia Singapore 2016 event.

The categories of which the Bank was selected as finalist are as follows:

1. Innovative Client Solutions (Banks)
2. Women in Wealth Management
3. Outstanding Contribution to Wealth Management thought Leadership

It is with much pleasure to announce that Bank Muamalat has won the Best Private Bank (Malaysia) Editor’s Award. This award was judged by a panelist of 17 individuals comprising of trusted advisors and private bankers to honour those who have set outstanding standards in the wealth management field.

The competition was fierce as each of the nominees are established experts in the wealth management sphere. The Best Private Bank (Malaysia) Editor’s Award acknowledges the Bank’s effort in establishing the standards for Islamic wealth management in Malaysia. This is yet again a testament that Bank Muamalat is poised for greater achievements.

The comments made by the judging panel on Bank Muamalat’s winning entry are as follows:

-Private Banking-Editor’s Award,
-Best Private Bank (Malaysia), Bank Muamalat Malaysia Berhad

“Our group editor reports that in his view this Islamic Bank is distinguished by the sheer breath and range of its services offerings for Wealth Management Clients. It has chalked up achievements such as distributing dozens of Shariah compliant funds through a single channel; it has been active in engaging with organisations of all kinds to promote high standards of corporate conduct and has challenged the traditional male-dominated wealth management industry by promoting women into a number of key areas” – ClearView Financial Media.

The event was attended by the presence of Cik Nur Ain Ramli, Head of Wealth Management Department, Pn Sarimah, Regional Manager (Northern) and En Nik Mohd Hashim, Regional Manager (East Cost) of which all of these individuals has displayed tremendous effort in promoting and ensuring the growth of wealth management business for the Bank. The individuals were also accompanied by Wealth Management Team and it’s Business Development Managers who were also instrumental in the execution of many initiatives leading to the success of this award.

Dynamic Third-Party Partnerships

Retail Bankier International

Singapore, Carlton Hotel, 17 March 2016 :A historical day for Bank Muamalat Malaysia Berhad as it received global recognition through winning the award for Dynamic 3rd Party Partnership by Timetric at the 7th Annual Retail Banker International Asia Trailblazer Summit & Awards 2016.

Bank Muamalat excelled above DBS Bank and Maybank Group Malaysia to win this award, a testament that the Bank is able to achieve great heights and compete with larger financial institution. This prestigious award was received by the Chief Executive Officer, YBhg’ Dato’ Haji Mohd Redza Shah during the award gala dinner held at the Carlton Hotel Singapore accompanied by Mr Gary Chin, Cik Nur Ain Ramli, Mr Balakumeresen, Mr William Ang, Pn Nur Farazella, Pn Siti Noraida and Pn Raehana Syazwani of Wealth Management Department.

This award recognizes the initiative by Wealth Management Department headed by Cik Nur Ain Ramli and her team in developing strategic business alliance between Bank Muamalat Malaysia Berhad and iFast Capital Sdn Bhd which sees the bank as being the pioneer in establishing the integrated wealth management platform.This platform is a game changer initiative which has attracted customers to bank with us as it enables them to select TOP notch performing funds from reputable fund houses.

Through it, the Bank has also successfully delivered improvements in operational turnaround time due to standardised procedures; enhanced marketing and general support as all products are now channeled to a single party; reduced operational errors and inconsistencies and notably improved both customer experience and staff morale on the whole for the unit trust business.

(Banking & Finance Sector)

iFAST Capital

Kuala Lumpur, Royale Chulan Hotel, 25 March 2016 – Pn Nur Farazella, Personal Financial Executive of Kota Bharu Branch defeated renowned HSBC Bank and numerous local financial institution’s sales personnel in a fierce and close battle to emerge as the 1st runner up for the TOP Bancatakaful Producer under the Bank Sales Staff Category Award in the Malaysian Takaful Association (MTA) StarNite Award Night. The credit also goes to En Nik Hashim, Regional Manager of East Coast Region as this amazing achievement would not have been made possible without his guidance, leadership and unfailing dedication.

The MTA Award night is an event orchestrated to recognize Top performing individuals and organizations that have weathered numerous challenges and emerge victorious in the Takaful Industry. It is an accolade desired by many in the industry and winning this prestigious award is an attestation that although Bank Muamalat Malaysia Berhad is a small Bank and has only been in Takaful Business for 3 years as compared to our competitors which have been in the industry for more than a decade, we are still able to make great accomplishments and stand tall.

Great Eastern Takaful Berhad, winner of Best Takaful Operator 2011, Best New Islamic Institution 2012 and Best Takaful Operator (ASIA) 2013 is the Bank’s preferred Family Takaful partner. Together, the Bank and Great Eastern Takaful Berhad provides world-class Shariah compliant financial and protection products to the public.

Congratulations to Bank Muamalat!

(Banking & Finance Sector)

Malaysia1000

The publication, Malaysia 1000, is aimed at giving recognition to top performing business organisations and their contributions to the industry and the country. Apart from meeting information needs, the directory will take Malaysia a step further in the efforts to promote corporate transparency and benchmarking among Malaysian businesses, thereby helping to foster conducive investment climate and promote competitive corporate culture.

On 14 September 2011 at Palace of The Golden Horses, Bank Muamalat Malaysia Berhad received the Industry Excellence Award in the Banking & Finance Category from Y.A. Bhg. Tun Dr. Mahathir bin Mohamad. The selection was based on the following financial factors:-

  • Percentage increase of Turnover;
  • Percentage increase of Profit;
  • Return on Capital Employed; and
  • Return on Shareholders’ Funds.

The selection of the awards was determined by an independent panel chaired by Y.Bhg. Tan Sri Mohd Jawhar Hassan, Chairman of ISIS Malaysia; Y.Bhg. Datuk Abdul Rahman Sulaiman, Chairman of Bernama; and Y.Bhg. Dato’ Abdul Wahab Jaafar Sidek, former CEO Minority Shareholder Watchdog Group as members.

Congratulations to Bank Muamalat!

Kategori Bank Islam

Dewan Bahasa Pustaka Malaysia

Kategori Bank Islam

Dewan Bahasa Pustaka Malaysia

(Jualan Wasiat Tertinggi Antara Cawangan)

Amanahraya Berhad

Non-Listed Company

National Award For Management Accounting (NAfMA)

(Hadiah Galakan Institusi Kewangan)

RAM Rating Services Berhad

Asia Pacific Bond Deal of the year

The Project Finance International

Description of Deal
JIMAH ENERGY VENTURE SDN BHD

  • Role: Joint Lead Arranger
  • Facility: Islamic Financing Facilities of RM5,086.6 million with issuance of up to RM4,847 Million Nominal Value Senior Istisna’ Medium Term Notes Facility
  • Deal completed: June 2005

Description of Awards

  • PFI is the leading source of global project finance intelligence.
  • The PFI Awards are widely regarded as the most prestigious in the project finance industry.

Lead Manager Award Islamic 2005 (2nd Place) – By number of issues

RAM Rating Services Berhad

Description of Deal
JIMAH ENERGY VENTURE SDN BHD

  • Role: Joint Lead Arranger
  • Facility: Islamic Financing Facilities of RM5,086.6 million with issuance of up to RM4,847 Million Nominal Value Senior Istisna’ Medium Term Notes Facility
  • Deal completed: June 2005

Description of Awards

  • Blue Print Award – Outstanding Deal of the Year. Refers to most distinctive, ground breaking bond deal in Malaysia of the year.
  • Deal Highlight: The largest Islamic securities issuance of 2005 and first ever floating rate Islamic securities issuance in Malaysia. The two-tier financing structure of the deal allowed aggressive gearing as compared to industry debt-to-equity ratio of 80:20 for IPP.

Triple A “Best Deal Malaysia”

The Asset Triple A Country Award

Description of Deal
JIMAH ENERGY VENTURE SDN BHD

  • Role: Joint Lead Arranger
  • Facility: Islamic Financing Facilities of RM5,086.6 million with issuance of up to RM4,847 Million Nominal Value Senior Istisna’ Medium Term Notes Facility
  • Deal completed: June 2005

Description of Awards

  • The Asset’s annual Triple A is one of the most prestigious awards in the finance industry due to its rigorous assessment process. The awards recognize institutions and individuals that have made a significant contribution to the development of the finance industry in Asia.

Bond Deal of the Year “Project Finance International Award 2004”

The Project Finance International

Description of Deal
KAPAR ENERGY VENTURE SDN BHD

  • Role: Joint Lead Arranger & Facility Agent
  • Facility: Islamic Financing Facilities of RM3,602 million Bai Bithaman Ajil Notes
  • Deal completed: July 2004
  • Deal highlight: The largest Islamic bond issue in the Malaysian market in 2004, as well as the largest non-recourse IPP debt financing in Asia.

Description of Awards

  • PFI is the leading source of global project finance intelligence.
  • The PFI Awards are widely regarded as the most prestigious in the project finance industry.

(voted by Islamic Finance Weekly)

Islamic Finance Weekly 2004

(voted by Islamic Finance Weekly)

Dewan Bahasa Pustaka Malaysia

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2024-11-21 08:54:18