CIMB Islamic Bank Berhad (“CIMB Islamic”) clinched three top honours at the Credit Guarantee Corporation (CGC) Awards 2024, reinforcing its role as a leader in Malaysia’s Islamic finance sector.
The bank secured the Best Financial Partner (Overall) award, the highest distinction under CGC’s Financial Institution Partner Awards. The recognition reflects CIMB Islamic’s strong risk management, active involvement in public-private financing, and commitment to inclusive financial solutions that support small and medium enterprises (SMEs).
CIMB Islamic also earned the titles of Top FI Partner in Islamic Financial Institution and Top FI Partner for Bumiputera SMEs. In 2024 alone, the bank approved 1,266 financing accounts worth RM694.4 million, with nearly one-third directed to Bumiputera businesses. These results show its dedication to underserved segments and its impact on SME growth nationwide.
“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,” said Ahmad Shahriman Mohd Shariff, CEO of CIMB Islamic.
At the ceremony, Datuk Seri Abdul Rasheed Ghaffour, Governor of Bank Negara Malaysia, presented the awards together with Datuk Mohammed Hussein, Chairman of CGC, and Datuk Mohd Zamree Mohd Ishak, CEO of CGC. They handed the accolades to Novan Amirudin, Group CEO of CIMB Group, and Ahmad Shahriman.
These achievements strengthen CIMB Islamic’s position as a trusted partner for SMEs and a leader in Shariah-compliant financing. With needs-based solutions and practical guidance, the bank continues to drive sustainable growth and support Malaysia’s broader economic development.
