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BANK ISLAM GROUP CLINCHES FOUR ASSET TRIPLE A AWARDS

Four awards were given out at the recent Asset Triple A Award presentation in Kuala Lumpur to Bank Islam Malaysia Berhad (Bank Islam or the Group). The Principal Adviser, Lead Arranger, Lead Manager, and Shariah Adviser on Pengurusan Air Selangor’s (Air Selangor) RM430 million SRI Murabaha Sukuk won the Best SRI Sukuk award for Bank Islam, and the Lead Manager for Bank Simpanan Nasional’s (BSN) RM750 million Triple Tranche Wakala Sukuk received the Best New Sukuk award.

Meanwhile, the Group’s subsidiary, BIMB Investment Management Berhad (BIMB  Investment), was named ESG Asset Manager of the Year for the third time. At the same time, in its role as the Joint Placement Agent, BIMB Securities Sdn Bhd (BIMB Securities)  won the Best Primary Placement award for the RM795.6 million primary placement  exercise of BIMB Holdings Berhad’s (BIMB Holdings) shares.

Commenting on the acknowledgements, Mohd Muazzam Mohamed, Group Chief  Executive Officer of Bank Islam, said, “We are truly honoured and humbled by the trust  and confidence placed on Bank Islam. These awards showcase the Group’s ability to  consistently deliver bespoke and innovative solutions to meet our clients’ funding needs,  further entrenching Malaysia’s position as a global leader in the Sukuk market.”

The Pengurusan Air Selangor SRI Murabaha Sukuk is part of an RM1.0 billion issuance,  including RM570 million Islamic medium-term notes. Proceeds from the Sukuk will be used  to finance eligible projects in compliance with Air Selangor’s sustainable development  Sukuk Kelestarian Framework which includes sustainable water supply and management  projects.

The award adjudication board also recognises Bank Islam’s role in BSN’s first RM750 million  Triple Tranche Wakala Sukuk issuance and venture in the capital market. Proceeds from  the Sukuk are earmarked for BSN’s Shariah-compliant financing activities, such as  refinancing existing and future financings, its working capital, and other corporate  purposes.

Concurrently, since its win in 2019 and 2020, BIMB Investment has again been named ESG  Asset Manager of the Year. This award recognises its significant contribution and  achievements in the environment, social and governance (ESG), sustainability and asset  management in Asia. As of 30 September 2022, BIMB Investment has six Shariah-ESG

compliant funds, amounting to over RM620 million assets under management (AUM).

“Bank Islam Group has been a strong proponent of Value-based Intermediation (VBI)  that aligned with ESG and sustainable investing and financing principles. The award has  highlighted BIMB Investment’s progress toward becoming a Global Shariah-ESG Fund  House. We look forward to contributing more to developing a robust and dynamic ESG  investing ecosystem in Malaysia and the region. The Group is also equally proud of its full

fledged Shariah-compliant stockbroking firm for winning an award for its role in  completing the BIMB Holdings-Bank Islam listing transfer via the primary placement  exercise in October last year,” added Mohd Muazzam.

The Asset Triple A Islamic Finance Awards is one of the industry’s most distinguished awards  in what has become one of the fastest-growing and most promising niches of global  finance. The awards recognise the best Islamic banks, houses and deals that defined the  industry during the review period.

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