Our Journey

Our Journey

Discover the legacy, milestones and regional growth that have shaped CIMB Islamic into a leading ASEAN banking group.

Milestones That Move Us Forward

2024 - Harapan Ramadan 2024 Programme

 

In conjunction with CIMB’s 100th anniversary, CIMB Islamic and CIMB Foundation committed RM1.8 million towards the Harapan Ramadan 2024 programme which benefited over 34,000 beneficiaries from the underserved communities at more than 100 locations nationwide. Total of 650 CIMB staff volunteered in the programme. 


2023 - Entrepreneurship Programmes & Top Bank Recognition

 

CIMB Islamic launched a specially tailored modules for the sixth edition of Program Keusahawanan CIMB Islamic – Taylor’s involving home-bakers from the underserved communities.

 

CIMB Islamic recognised as Best Islamic Bank in Malaysia by the IFN Best Banks Poll 2022 for seventh consecutive year. 

 

CIMB Islamic extended the iTEKAD Rider Entrepreneur Programme by collaborating with respective state Islamic religious councils:

  • Pahang
  • Sarawak 
  • Sabah 
  • Melaka

2022 - Launched CIMB Auto Dealer App

 

CIMB Bank and CIMB Islamic rolled out the CIMB Auto Dealer App, a mobile application that enables automotive loan/financing approval within one minute  upon full submission of required documents. 


2021 - Launched iTEKAD

 

CIMB Islamic launched iTEKAD CIMB Islamic Rider Entrepreneur Programme, a social finance programme to provide job opportunities during the COVID-19 by providing motorcycle grants and one-year contract as FoodPanda rider.  

 

CIMB Bank and CIMB Islamic launched the CIMB OctoSavers Savings Account-i; an all-digital Islamic account where the account opening and onboarding process is self-executed entirely online.


2020 - First Bank to Introduce Islamic Collateralised Commodity Murabahah

 

CIMB Islamic was the first bank to introduce Islamic Collateralised Commodity Murabahah ("CCM"), an innovative solution that provides liquidity for the Islamic financial ecosystem. 

 

MicroBizReady was launched to promote financial inclusion targeting entrepreneurs and micro businesses to equip them with critical business skills to grow.

2019 - RM100 Billion Milestone

 

HalalBizReady was developed to equip the critical mass of high-potential and export-ready SMEs with necessary financing to build a robust Halal infrastructure. 

 

Both CIMB Islamic deposit & investment account, and financing hit the RM100 billion mark.


2017 - Empowering Underserved Communities

 

CIMB adopted the Islamic First strategy and continued to improve customer experience and strengthen its product suite with the launching innovative new products such as the Term Investment Account-i (“TIA-i”) in Malaysia. 

 

CIMB Islamic launched the first edition of Program Keusahawanan CIMB Islamic – Taylor’s; a social finance programme with the aim to uplift the livelihood of the underserved communities (B40, Asnaf, OKU & single parents) by providing business grants and entrepreneurship trainings. 


2015 - Sukuk House Supremacy

 

CIMB Islamic continued its stronghold as the leading Sukuk House by topping Bloomberg’s Global and Malaysian Sukuk league tables, while building innovative products and services offering for our customers.


2013 - Global Islamic Banking Leader

 

CIMB Islamic closed the year as the largest Islamic bank in the world by branch network, the second largest Islamic bank in ASEAN by assets, and the sixth largest Islamic bank in Indonesia by assets. We are the world’s largest arranger of sukuk (Islamic bonds) by number of deals and second largest by volume. We were also the largest sukuk arranger in ASEAN.


2012 -  Group-Wide Shariah Control

 

A strong system of internal control was put in place to ensure a more effective and efficient Shariah compliance on a Group-wide basis.


2010 -  Revenue Surpasses RM1 Billion

 

CIMB Islamic achieved a historic milestone when its revenue exceeded RM1 billion, underscoring its rapid growth and strengthening position as a leading Islamic banking franchise in the region.

2008 -  Launch of EcoSave-i

 

CIMB Islamic launched EcoSave-i Savings Account; an environmentally-friendly account through which the bank commits 0.2% of the total average portfolio balance of the account to environmentally-focused projects and activities.


2006 -  Rebranding & Regional Expansion

 

CIMB Group embarked on a rebranding exercise and CIMB Islamic was rebranded and unveiled its new logo in green. On the same year, CIMB Islamic window began in Singapore.


2005 -  Strategic Merger and Consolidation

 

CIMB Islamic merged with Commerce Tijari Bank on 6th June 2005.


2004 -  Building Regional Islamic Banking Presence 

 

A Shariah unit was set up under CIMB Niaga in Indonesia.


2003 -  The Beginning of Our Journey

 

CIMB Islamic was launched by Tan Sri Dato’ Seri Dr Zeti Akthar Aziz, Governor of Bank Negara Malaysia on 2nd June 2003.