Bank Islam Shines as the Most Innovative Islamic Bank of the Year

Bank Islam Malaysia Berhad (Bank Islam or The Group) is deeply honoured to have received the prestigious IFN Award for its outstanding contributions to the Islamic finance industry. This recognition highlights the Group’s continued commitment to innovation, resilience, and excellence within the Shariah-compliant banking sector.

The IFN Awards celebrate institutions that have demonstrated exceptional leadership, innovation, and excellence in Islamic finance. Bank Islam’s receipt of this award further reinforces its position as a trailblazer in Shariah-compliant banking and a key player in shaping the future of Islamic finance.

Dato’ Mohd Muazzam Mohamed, Group Chief Executive Officer of Bank Islam, expressed his pride in receiving the award, attributing the achievement to the collective efforts of the bank’s team. He emphasized that Bank Islam’s success is built on its commitment to providing responsible, ethical, and innovative financial solutions in alignment with Shariah principles. This approach continues to meet the evolving needs of customers in a rapidly changing financial landscape.

“On behalf of the management, I would like to express my sincere gratitude to our dedicated team for their relentless efforts in creating innovative and impactful Islamic banking solutions. We are deeply thankful for the trust and support from our customers, and in return, we will continue to integrate new technologies and strategies to better serve them,” said Dato’ Mohd Muazzam.

As a pioneer in Islamic banking in Malaysia, Bank Islam remains at the forefront of driving innovation and digitalization, creating more efficient, inclusive, and customer-centric banking experiences. The recognition from the IFN Awards strengthens the bank’s commitment to advancing the Islamic financial ecosystem, ensuring its long-term sustainability, and preparing for future growth.

Bank Islam’s Group Chief Operating Officer and Group Chief Sustainability Officer, Mohamed Iran Moriff Mohd Shariff, received the award on behalf of the bank at the IFN Award ceremony, which took place at EQ Hotel Kuala Lumpur on 20 February 2025.

This prestigious award further cements Bank Islam’s reputation as a leader in the Islamic finance industry, driving the future of Shariah-compliant banking with innovative and sustainable solutions.