ISLAMIC FINANCE AWARDS

For the publisher’s quote/awards rationale, please refer to the section below:

2 July 2021: Here is the awards rationale for the 13th Annual Alpha Southeast Asia Islamic Finance Awards 2021 for the following , up to 12 awards categories.

We have over the last decade continued to refine and develop a unique, fair, robust and informative methodology and by adding a number of new criterions to existing awards, we have broadened the depth of our awards and tightened its eligibility among leading banks in Southeast Asia. Going forward, the role of Islamic finance will become a key factor as part of the awards evaluation process.


MALAYSIA:

  1. Best Islamic Finance Bank: CIMB Islamic

CIMB Islamic is one of Malaysia’s leading, most agile banks catering to both retail depositors seeking shariah-compliant products and shariah-conscious corporates in Malaysia, and overseas. As part of the CIMB Group, CIMB Islamic is able to leverage on a network of products and services across the bank and offer its clients a whole spectrum of solutions ranging across asset classes, all under one roof. As the leading player in this fiercely competitive Islamic finance space, CIMB Islamic offers shariah-compliant options to Muslim clients who wish to conform to shariah principles, making CIMB Islamic the unequivocal Islamic Finance Bank in Malaysia.

  1. Best Islamic Finance SME Bank: AmBank Islamic

As one of the leading Islamic banks in the country, AmBank Islamic is continuing to ride a wave of growth thanks to its sprawling domestic branch network and proactive relationship management skills with the country’s growing number of Small to Medium Enterprises (SMEs). While most banks are product-focused and operate with silos concerned about their own contribution to the bank’s overall bottom line, AmBank Islamic is today one of the most fast-moving, dynamic banks in Malaysia, in spite of its size. As one of the most versatile banks in terms of financing, assets and deposits, AmBank Islamic is acutely aware of its strengths and has ingeniously channelled the right amount of resources towards helping SMEs expand overseas and gradually make a name for itself in this niche segment.

  1. Best Islamic Finance Retail Bank & Best Islamic Wealth Management Bank: Maybank Islamic

As a leading Islamic bank in the country, Maybank Islamic has a wide range of shariah-compliant products including. Within the personal financing realm, Maybank Islamic has an enviable market share, accounting for almost one-fifth of the total industry outstanding financing(depending on the product). In particular, the bank has made key inroads into new areas and in recent years has continued to strengthen the breadth and depth of its unique wealth management offerings covering Takaful, will writing, medical and health planning as well as investment-linked family takaful plan, among a wide ranging list of shariah compliant options, making Maybank Islamic a preferred choice among retail customers in Malaysia.

  1. Best Islamic Asset & Fund Manager: BIMB Investment Management

Uniquely structured among its peers, BIMB Investment Management is a leading asset manager in Malaysia. Despite challenging market conditions in recent years, BIMB has recorded a staggering average AUM (CAGR) growth, a fair indication of investor confidence in a fiercely competitive Islamic funds management industry, independently managed with international standards. While markets in Malaysia have seen huge swings in recent years from the mutual funds pull-out to pension reforms to regulatory overhaul, BIMB has outperformed many of its peers in terms of fund performance, demonstrating consistency let alone in-depth understanding of volatile market moving dynamics.

  1. Best Global Islamic Finance Sukuk House: CIMB
  2. Best Islamic Finance Sukuk House in Malaysia:  CIMB

As the most prominent Islamic finance powerhouse in the Asian region, CIMB Islamic is the most comprehensive shariah-compliant financial solutions provider across divergent asset classes ranging from sukuk funding to retail banking. By emphasizing on the provisioning of an enterprise-wide shariah-compliant framework instead of only at the product level, CIMB Islamic is widely known for its unrivalled knowledge depth in terms of shariah-compliant structures, innovation and pioneering quick thinking, making CIMB Islamic the unrivalled Best Global Islamic Finance Sukuk House and Best Islamic Finance Sukuk House in Malaysia.

INDONESIA:

  1. Best Islamic Finance Bank: Bank Syariah Indonesia
  2. Best Islamic Finance SME Bank: Bank Syariah Indonesia
  3. Best Islamic Finance Retail Bank: Bank Syariah Indonesia
  4. Best Islamic Wealth Management Bank: Bank Syariah Indonesia

Formed as an enlarged entity via the merger of three large well established Islamic finance banks, Bank Syariah Indonesia (BSI) is forward thinking at its best. Following the merger, the enlarged group has not only widened its regional Islamic banking footprint but is now able to eliminate duplication and increase its breadth and depth of services in regions and segments that were previously decrepitly serviced. As a universal bank with multiple competitive advantages in strategic segments, BSI represents an almost seemingly impossible dream for most Indonesian banks. With an independent shariah board of advisers and helmed by skilled professionals well-versed with the intricacies of the dual banking system under the purview of OJK (Financial Services Authority), BSI is today a dominant force in shariah-compliant retail solutions in Indonesia. While most banks are reporting stagnant growth rates, profit for the latest financial year (net income) remains up year-on-year while total assets at the bank has proportionally grown too, making BSI the Best Islamic Finance Bank and Best Islamic Finance Retail Bank. On the SME front, BSI is growing from strength to strength too. The bank has now the strongest shariah-compliant SME platforms in the country. Apart from the normal range of credit products developed specifically for SMEs, BSI provides wide ranging advisory services on business opportunities and trade reports for its borrowing and non-borrowing customers. Last but not least, wealth management in Indonesia may mean different things to different people. Wealth management to some banks could simply mean priority banking where one never has to stand in a queue to investing in a divergent range of investment products, based on a sophisticated risk/reward profile that can help generate the highest return for the client. This however does not mean Indonesia is an undeveloped market. BSI is a bank that is at the forefront on fronts, in part thanks to its sole commitment and focus to Islamic finance, the size of its total assets, balance sheet strength and consistent and professional service, making BSI one-stop Islamic financing solution provider in the country.

  1. Best Islamic Asset & Fund Manager: Mandiri Investasi

As one of the largest, most innovative asset managers in the country, Mandiri Investasi is a leading emerging fund house in Indonesia, especially given the fast changing landscape in the fund management industry in the country today. By leveraging on its multi-local strategy, Mandiri Investasi has helped numerous retail and institutional investors create a well-diversified investment portfolio for themselves. As one of the few fund management companies with an unrivalled local footprint and reach, Mandiri Investasi is able to provide unique insights to its local clients by bring its wealth of expertise and knowledge about investment opportunities unlike another, thanks in large part to its highly qualified well integrated investment team.


13TH ISLAMIC FINANCE AWARDS

Monday, 21 June 2021: Using a fair, robust and informative methodology and after adding a number of additional criteria to existing awards to tighten its eligibility among both, local banks in Southeast Asia, we hereby announce the outcome of our 13th Annual Islamic Finance Awards 2021 for the following (up to) 12 awards categories.

In light of the ongoing effects of Covid-19, most hotel venues are unable to host regional events. We have therefore prepared 3 options to ensure the secure delivery of the awards plaques, along with the unlimited licensing use of the awards logo ©, company name © and awards category © .

The full rationale will be published in the August/September 2021 – 15th Anniversary issue (out by mid-August 2021).

THERE IS NO NEWS EMBARGO ON YOUR WINS. PLEASE FEEL FREE TO SEND OUT A PRESS RELEASE TO ANNOUNCE YOUR WINS.


INDONESIA:

  1. Best Islamic Finance Bank: Bank Syariah Indonesia
  2. Best Islamic Finance SME Bank: Bank Syariah Indonesia
  3. Best Islamic Finance Retail Bank: Bank Syariah Indonesia
  4. Best Islamic Finance Wealth Management Bank: Bank Syariah Indonesia
  5. Best Islamic Asset & Fund Manager: Mandiri Investasi

MALAYSIA:

  1. Best Islamic Finance Bank: CIMB Islamic
  2. Best Islamic Finance SME Bank: AmBank Islamic (3rd consecutive win)
  3. Best Islamic Finance Retail Bank: Maybank Islamic
  4. Best Islamic Finance Wealth Management Bank: Maybank Islamic
  5. Best Islamic Asset & Fund Manager: BIMB Investment Management (4th consecutive win)

MARQUEE:

  1. Best Global Islamic Finance Sukuk House: CIMB
  2. Best Islamic Finance Sukuk House in Malaysia: CIMB

For queries, please email awards@whatinvestorswant.com

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12TH ISLAMIC FINANCE AWARDS

(Friday, 26 June 2020): Using a fair, robust and informative methodology and after adding a number of additional criteria to existing awards to tighten its eligibility among local Islamic finance banks in Southeast Asia, we hereby announce the outcome of our 12th Annual Alpha Southeast Asia Islamic Finance Awards 2020 for the following 14 awards categories.

In light of the ongoing lingering effects of Covid-19, most hotel venues are unable to host regional events. We have therefore prepared 3 options to ensure the secure delivery of the awards plaques, along with the unlimited licensing use of the awards logo ©, company name © and awards category ©.

THERE IS NO NEWS EMBARGO ON YOUR WINS. PLEASE FEEL FREE TO SEND OUT A PRESS RELEASE TO ANNOUNCE YOUR WINS.

The full rationale will be published in the August/September 2020 – 14th Anniversary issue (out by early late August 2020).

For queries, please email awards@whatinvestorswant.com


INDONESIA:

  1. Best Islamic Finance Bank: Bank Syariah Mandiri
  2. Best Islamic Finance SME Bank: Bank Syariah Mandiri
  3. Best Islamic Finance Retail Bank: BNI Syariah
  4. Best Islamic Finance Sukuk House: Mandiri Sekuritas
  5. Best Islamic Finance Wealth Management Bank: Bank Muamalat Indonesia
  6. Best FX Bank for Corporate Islamic Treasury: BNI Syariah
  7. Best Islamic Asset & Fund Manager: Bahana TCW Investment Management

MALAYSIA:

  1. Best Islamic Finance Bank: Maybank Islamic
  2. Best Islamic Finance SME Bank: AmBank Islamic
  3. Best Islamic Finance Retail Bank: CIMB Islamic
  4. Best Islamic Finance Sukuk House: CIMB Islamic
  5. Best Islamic Finance Wealth Management Bank: MBSB
  6. Best FX Bank for Corporate Islamic Treasury: RHB Islamic
  7. Best Islamic Asset & Fund Manager: BIMB Investment Management

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11TH ISLAMIC FINANCE AWARDS

(Thursday, 20 June 2019): Using a fair, robust and informative methodology, we hereby announce the outcome of Alpha Southeast Asia Best Islamic Finance Awards 2019 following an intensive three-weeks review of central bank data, industry and cross-sector reports.

A regional awards ceremony – covering Indonesia & Malaysia, will be held at Sofitel Kuala Lumpur Damansara, No. 6 – Jalan Damanlela, Bukit Damansara, Kuala Lumpur 50490, Malaysia on 26 September 2019 (Thursday).

If you would like to book a table at the event, please email awards@whatinvestorswant.com.

THERE IS NO NEWS EMBARGO ON YOUR WINS. PLEASE FEEL FREE TO SEND OUT A PRESS RELEASE TO ANNOUNCE YOUR WINS.

The full rationale will be published in the August/September 2019 (out by early August 2019).


ISLAMIC FINANCE:

  1. Best Islamic Finance SME Bank: AmBank Islamic
  2. Best Islamic Finance Retail Bank: Maybank Islamic
  3. Best Islamic Finance Sukuk House: CIMB
  4. Best Islamic Wealth Management Bank: Maybank Islamic
  5. Best FX Bank for Corporate Islamic Treasury: CIMB
  6. Best Islamic Asset & Fund Manager: BIMB Investment Management
  1. Best Islamic Finance SME Bank: BNI Syariah
  2. Best Islamic Finance Retail Bank: Bank Syariah Mandiri
  3. Best Islamic Finance Sukuk House: Danareksa Sekuritas
  4. Best Islamic Wealth Management Bank: Bank Muamalat Indonesia
  5. Best FX Bank for Corporate Islamic Treasury: Bank Syariah Mandiri
  6. Best Islamic Asset & Fund Manager: Bahana TCW Investment Management

For queries, please email awards@whatinvestorswant.com

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