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. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Best Islamic bank in Asia: CIMB

Pushing beyond the boundaries

Badlisyah Abdul Ghani, chief executive officer at CIMB Islamic

Badlisyah Abdul Ghani: moving into GCC sukuk markets

In 2006 Islamic finance in Asia started to change. The expansion of Shariah-compliant deals, and the development of the Islamic financial centre in Malaysia should help develop Islamic finance in the region. CIMB is leading the way in many fields. Despite a large project finance deal led by RHB Islamic in 2006, CIMB is clearly dominant in the region. With more than 100 Islamic professionals, size and experience give the bank the lead over competitors. Three deals illustrate CIMB’s impressive achievements in 2006: a musharaka sukuk for Projek Lebuhraya Utara-Selatan (Plus), an exchangeable sukuk for Khazanah, and a combined musharaka CP/MTN programme for Rantau Abang Capital. Further sukuks meant that CIMB underwrote M$25 billion-worth ($7.1 billion) of deals. They also demonstrate CIMB’s distribution capabilities, selling to its network of investors in the Middle East and Malaysia.

The musharaka sukuk for Plus worth M$9.8 billion had CIMB as the sole lead arranger.

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.


Unlimited access to and

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


Unlimited access to and, 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


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