International Finance Magazine today announced the Financial Awards 2013 for Malaysia,
July 07, 2013: International Finance Magazine (IFM), the London based online magazine with a viewership in over 150 countries announced the financial awards 2013 for Malaysia. The recipients have been chosen after a rigorous selection process by the internal tem as well as key inputs from an external agency. International Finance Magazine honors the achievers in the banking industry who have excelled in their areas of expertise and made contributions through activities of note. Apart from financial performances the award also gives cognizance on the contributions made in corporate social responsibility which include charitable activities, better corporate governance and other achievements that impact the global finance community. The winners will be honored in the vibrant and mesmerizing city of Dubai, in December, later this year.
The recipients of the financial wards 2013 for Malaysia are:
Maybank Islamic Berhad
Category: Best Islamic Bank
A subsidiary of Maybank, it is currently the largest Islamic banking player in the Asia Pacific region. Maybank Islamic has its presence in 7 countries in the world which include Malaysia, Singapore, Indonesia, U.K, Hong Kong, Bahrain and Philippines, it was also the largest issuer of single Islamic junior sukuk of RM1 million for regulatory capital purposes.
Category: Best Islamic Asset Management Company and Best Sukuk House
AmInvest is a leading fund management house from Malaysia with global fund management experience and has approximately USD 11 billion in assets under management (AUM). AmInvest manages mutual funds and institutional mandates for pension providers, sovereign funds, private bankers, takaful and other financial institutions. It is also a multiple award winning fund house with a track record spanning more than three decades which includes the Best Overall fund group award by The Edge Lipper Malaysia fund Awards 2013.
Commenting on the awards, Datin Maznah Mahbob, Chief Executive Officer of AmInvest said, “We are truly honored to receive these awards which validate our Shariah-compliant expertise and capabilities built over three decades within the industry. Our focus has always been to provide global best investment solutions that cater to the investment needs of global investors, especially in Asian equities and global sukuk. As we expand our global footprint, the acknowledgments of our team’s hard work and commitment to excellence through these awards will enhance our proven track record in consistently creating value for our clients.”
Prudential BSN Takaful Berhad
Category: Best Takaful provider
Prudential BSN Takaful Berhad was formed from the partnership between Prudential Plc and Bank Simpanan Nasional. In 2006 PruBSN received approval from Bank Negara to operate a Takaful business. It is a leader in providing innovative and dynamic Takaful solutions within the Takaful industry in Malaysia.
Category: Best Islamic Finance Advisor
IBFIM, is an industry owned institute which is dedicated to producing well trained, high competence personnel and executives with the required talent in the Islamic finance industry. It offers advisory services in Shariah advisory and audit, business advisory and development and to increase the pool of bankers and takaful operators.
Bank Islam Malaysia Berhad
Category: Most Innovative Islamic Bank
The bank provides corporate banking services which include trade financing, asset based financing, treasury services, corporate investment banking and other services. It also provides wealth management and electronic banking services as part of its personal banking services.
Managing Director of Bank Islam Malaysia Berhad, Dato’ Sri Zukri Samad said “Bank Islam is honored to be recognised as the Most Innovative Islamic Bank in Malaysia for the year 2013 by International Financial Magazine, UK. The achievement is an important milestone for the Bank, and another step in the right direction for us to become a major regional player. Winning the award vindicates our long-held belief that innovation is the key to the Bank’s sustainability and its rising relevance to the industry. It is also a reflection of our ‘Pioneering Change’ spirit as we seek to differentiate ourselves within the increasingly competitive Islamic Banking industry, and for that I must thank the Bank’s entire workforce for their efforts in making this happen.”
Category: Best Takaful Product
A joint venture between MAA Group Berhad and Solidarity Company BSC it offers a wide range of takaful products such as takaful link, takaful link education, takfulink haj, group term takaful etc. MAAG holds 75 percent equity and Solidarity holds 25 percent equity in the company.
Category: Best Corporate Internet Bank
OCBC bank was formed after the merger of three local banks, the oldest of which was founded in 1912. It is the second largest financial services group in Southeast Asia by assets and one of the highly rated banks with an Aa1 rating from Moody’s. It is a recipient of many awards such as best Islamic project finance, trade finance by leading magazines and agencies. The bank provides internet banking services such as online banking, phone banking and other services such as telegraphic transfer and premier banking services.