CIMB Islamic Wins Best Islamic Bank In Asia Award

CIMB Islamic Bank has won the “Best Islamic Bank in Asia” award from Euromoney Islamic Finance Awards 2010.

The bank was also awarded with the “Best Sukuk Deal” honour for its RM20 billion Islamic Commercial Paper/Medium Term Note (CP/MTN) programme for Pengurusan Aset Air Bhd, a statement from the bank said here on Monday.

The sukuk deal was the largest sukuk issuance in Malaysia last year.

The Euromoney Islamic Finance Awards is given in recognition of achievements in the global Islamic finance sector.

CIMB Islamic Bank’s Chief Executive Officer, Badlisyah Abdul Ghani meanwhile took the award for “Outstanding contribution to the development of Islamic Finance”.

He is the first industry practitioner and the youngest to be honoured with the award.

“It is our honour to be recognised internationally in the challenging economic environment. At CIMB Group, we have been fortunate as 2009 was a rewarding year for us with the strong growth of our Islamic finance business across all market segments regionally,” Badlisyah said.

source : bernama

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