CIMB Recognised As Best Islamic Bank, Best Bank For SMEs

CIMB Islamic Bank Bhd and CIMB Bank Bhd have won the awards for Best Islamic Bank and Best Bank for SMEs in Malaysia at the Asiamoney Best Bank Awards 2021.

The awards celebrate the leadership of the Islamic Banking and Commercial Banking arms of CIMB Group who have worked together to demonstrate their continued commitment to innovation as well as an emphasis on the viability, growth, and improved experience of all their customers.  

CIMB’s strengths in harnessing the power of digitalisation were highlighted with the launch of CIMB’s OctoSavers Account-i, its first fully digital Islamic savings account which provided customers full account onboarding digitally, via the use of electronic Know-Your-Customer (e KYC), removing the need to step into a branch.

CIMB’s efforts at empowering micro-SMEs were seen in the CIMB MicroBizReady programme, which leveraged the combined expertise of CIMB’s Islamic and Commercial Banking arms.

Ahmad Shahriman Mohd Shariff, CEO, CIMB Islamic Bank Berhad says, “CIMB Islamic has continued to actively take steps in the progress of the Islamic finance industry guided by the principles of Value Based Intermediation that result in practices and offerings that generate positive and sustainable impact to the economy, community, and environment.” 

Commercial Banking and SME customers were also introduced to CIMB’s HalalBizReady, a comprehensive solution covering the entire value chain in connecting businesses to global halal trade.

Victor Lee Meng Teck, CEO, Group Commercial Banking, CIMB Group says, “We are pleased to have played a significant part in providing innovations and improvements for our customers’ benefit across all touchpoints, and to be able to extend our support through programmes that positively upgrade the livelihoods of communities in need.”

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