Kuala Lumpur, 3 June 2014 – Maybank Islamic Berhad and Maybank Investment Bank (Maybank IB) swept up a multitude of awards at the Triple A Islamic Finance Awards 2014 by The Asset magazine.
Maybank Islamic won the coveted Best Islamic Bank of the Year award and was also named the Best Islamic Bank for Malaysia, Best Islamic Retail Bank for Malaysia and Best Islamic Trade Finance Bank for Malaysia for the fourth year in a row. Under the category of Best Islamic Finance Deals, Maybank Islamic won Islamic Deal of the Year for the International Islamic Liquidity Management Corporations US$490 million Sukuk as well as the Highly Commended Deal for the Best Islamic Structured Finance/Best Local Currency Sukuk for the Lembaga Tabung Haji Property Holdings £225 million Islamic Commodity Murabaha term financing facility where it played the part of Shariah adviser and arranger.
“We are honoured to have been globally recognised as the Best Islamic Bank of the year and to have won a multitude of other reputable awards from Triple A. Winning the award is a testament to our commitment and capability to effectively leverage on our position as the leading Islamic bank in ASEAN to translate into delivering value to our corporates and communities across the region and the globe,” said Muzaffar Hisham, CEO of Maybank Islamic and Head of Maybank Group Islamic Banking.
Maybank IB picked up the award for Best Islamic Equity for the UMW Oil & Gas Corporation RM2.7 billion IPO in which it acted as joint principal adviser. It also won Best Corporate Sukuk/Best New Sukuk for the Sime Darby US$800 million 5-year and 10-year sukuk in which Maybank IB was one of the joint lead arrangers and book runners, and Most Innovative Deal for Telekom Malaysia’s RM200 million sukuk where it was a joint lead arranger and manager. In addition to that, Maybank IB was also recognised for its role as joint lead manager in the Highly Commended Deal for Best Deal By Country for the Cagamas Berhad RM3.8 billion multi-tenor sukuk, and also Danainfra Nasional RM300 million exchange-traded sukuk (8 billion ringgit programme) where it was a joint lead arranger and lead manager. Singapore Best Deal also went to Maybank IB for Swiber Capital’s S$150 million five year sukuk where it was the sole lead arranger and global coordinator for the deal.
“We are extremely proud of our achievements, and honoured to be receiving these awards. In staying committed to our clients and dedicating ourselves to giving them the best possible products, solutions and services, getting recognition like this only serves to push us forward in bettering our efforts and strengthening our resolve in staying ahead in the industry,” said John Chong, CEO of Maybank Investment Bank and Maybank Kim Eng Group.
The Asset Triple A Awards is into its second decade, and has built itself a reputation for excellence whilst recognising the outstanding achievements of those in the industry. The awards are built upon a stringent methodology and a rigorous approach to the selection of winners.