CIMB Islamic Bank Berhad (“CIMB Islamic”), licensed under Malaysia's Islamic Financial Services Act 2013, is the main operating entity of CIMB Group's global Islamic banking and finance franchise. It offers Shariah-compliant products and services to CIMB Group's consumer banking, commercial banking, wholesale banking and asset management businesses.
CIMB Islamic's services, products and operations comply strictly with global Shariah principles and standards under the guidance of the CIMB Islamic Board Shariah Committee, which comprises world renowned Shariah experts and scholars. CIMB Islamic provides comprehensive and innovative Shariah-compliant financial products and services to meet the needs of individuals, small and medium scale enterprises, as well as large institutional customers.
CIMB Group's Islamic banking and finance business is present in three key markets i.e. Malaysia, Singapore and Indonesia and is supported by the Group's network of around 28,000 employees in these markets comprising an experienced senior management team and a global team of Islamic banking and financial services professionals in all core components of the Islamic banking and financial services market. The Group has one of the most extensive retail branch networks in these three markets, with 528 branches as at 31 March 2023.
