The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Awards

Islamic finance awards 2012: Best Islamic bank in Asia

CIMB Islamic goes from strength to strength, and today boasts over M$40 billion ($12 billion) in assets, offering a plethora of services in wholesale and consumer banking. On the retail side, for example, the bank has extensive network coverage throughout Asia, with 1,109 branches in 14 countries.

In the year to November 2011, CIMB Islamic reported record profits before tax of M$359 million, up 28.4% on the previous year. CIMB Islamic’s gross financing assets grew 11.4% year on year and accounted for 13.7% of total CIMB Group loans. Total deposits for the Islamic bank grew by 17.8% year on year to M$25 billion.

In October 2011 CIMB was joint lead manager and Shariah adviser on the world’s first renminbi sukuk, which was also the first renminbi offering by a Southeast Asian quasi-sovereign issuer. The deal raised Rmb500 million ($78 million) for Khazanah Nasional Berhad (the Malaysian government’s investment holding arm). It was issued via a special purpose vehicle, Danga Capital Berhad.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree