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Bank Islam Recognized as the Most Innovative Islamic Bank

Helmi Aziz February 26, 2025 2 minutes read
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Bank Islam Malaysia Berhad (Bank Islam or The Group) is proud to have been honoured with the esteemed IFN Award, recognizing its exceptional contributions to the Islamic finance industry. This award highlights Bank Islam’s continued innovation, resilience, and excellence within the Shariah-compliant banking sector.

The IFN Awards are highly regarded for acknowledging institutions that demonstrate leadership in Islamic finance through innovation, integrity, and the ability to adapt to market needs. This recognition reaffirms Bank Islam’s leadership in providing Shariah-compliant financial services in Malaysia.

Bank Islam’s Group Chief Executive Officer, Dato’ Mohd Muazzam Mohamed, expressed gratitude for the recognition, attributing the achievement to the bank’s unwavering commitment to responsible and ethical banking solutions. He emphasized that Bank Islam’s approach focuses on innovation while adhering to Shariah principles, thus meeting the evolving needs of its diverse customer base.

“On behalf of the management, I sincerely thank the team for their dedication towards developing innovative and relevant Islamic banking solutions. In return for the trust and support from our customers, we will continue to integrate new technologies and strategies to serve them better,” Dato’ Mohd Muazzam remarked.

As a pioneer of Islamic banking in Malaysia, Bank Islam has consistently remained at the forefront of driving digitalization and innovation in the industry. The recognition by the IFN Awards further fuels the Group’s ongoing commitment to enhancing the efficiency, inclusivity, and customer-centric nature of Islamic banking.

This award reinforces Bank Islam’s position as a key player in the Islamic financial ecosystem, empowering the bank to continue shaping the future of Shariah-compliant financial services with sustainable and forward-thinking strategies.

The IFN Award was presented to Bank Islam’s Group Chief Operating Officer & Group Chief Sustainability Officer, Mohamed Iran Moriff Mohd Shariff, at a prestigious ceremony held at EQ Hotel Kuala Lumpur on 20 February 2025.

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Helmi Aziz

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