19 August 2025
Kuala Lumpur: CIMB Islamic Bank Berhad (“CIMB Islamic” or “the Bank”) was honoured with three prestigious awards at the recent Credit Guarantee Corporation (“CGC”) Awards 2024.
CIMB Islamic was awarded the Best Financial Partner (Overall) award – the highest distinction under CGC’s Financial Institution (“FI”) Partner Awards. The award recognises the Bank’s strong performance in supporting CGC’s guarantee schemes, with recipients evaluated based on key indicators such as guarantee fees and recovery against expected credit loss. The achievement reflects its disciplined risk management, proactive participation in public-private financing initiatives, and long-standing commitment to inclusive and responsible financial solutions that empower the SME sector.
Meanwhile, CIMB Islamic was also named the Top FI Partner in Islamic Financial Institution for its notable contribution to Islamic financing, as well as Top FI Partner for Bumiputera SMEs awarded to financial institutions with the highest number of Bumiputera outreach by approved accounts. In 2024, CIMB Islamic surpassed all targets with 1,266 approved accounts totalling RM694.4 million in approved financing, 30% of which supported Bumiputera businesses, reflecting its impactful efforts across key SME segments.
Ahmad Shahriman Mohd Shariff, Chief Executive Officer, CIMB Islamic said, “The recognition from CGC highlights our commitment to delivering Shariah-compliant financing solutions that truly advance inclusive growth. In line with CIMB Group’s purpose of advancing customers and society, we remain dedicated to being the partner of choice for entrepreneurs through our tailored programmes and initiatives which include specialised financing solutions designed to meet the unique needs of SMEs, capacity-building workshops and strategic partnerships that enhance their access to markets and resources. By combining financial support with practical guidance, we aim to equip entrepreneurs with the necessary tools to grow sustainably and contribute meaningfully to Malaysia’s economic development.”
The awards were presented by Datuk Seri Abdul Rasheed Ghaffour, the Governor of Bank Negara Malaysia, together with Chairman, CGC, Datuk Mohammed Hussein, Chief Executive Officer, CGC, Datuk Mohd Zamree Mohd Ishak to Novan Amirudin, Group Chief Executive Officer, CIMB Group, alongside Ahmad Shahriman Mohd Shariff.
The recognition highlights CIMB’s continued efforts to deliver impact-driven financial solutions that empower entrepreneurs and drive sustainable economic development, aligned with the Bank’s purpose of advancing customers and society.
These three accolades underscore CIMB Islamic’s leadership in providing Shariah-compliant financing, needs-based solutions that support the overall growth and resilience of Malaysia’s SME sector. Through tailored products and services, the Bank ensures that its financing solutions not only meet business needs but also uphold the highest standards of Shariah compliance, reinforcing its position as a trusted partner in Malaysia’s Islamic finance landscape.
