Page 73 - Full Book_24.4.2021

In Retrospect

|
The Will to Suceed
BUSINESS REvIEW |

As the world grappled with the economic outcome of COVID-19, Takaful Malaysia contributed a sum of RM500,000 towards
BIMB Holdings Berhad (“BHB” or “the Group”) social and The Edge COVID-19 Equipment and Health Care Workers Support Achieving a Leading Repute
financial mission accelerated due to the urgent need for exploring Funds organised by The Edge Media towards purchase of medical
all possible options to mitigate the pandemic’s impact to society equipment and provision of financial assistance to healthcare
and the nation’s economy as a whole. The true potential of Islamic workers who were infected whilst caring for COVID-19 patients.
finance principles in bolstering resilience, supporting livelihoods Further contributions towards similar aid was provided in the form |
and strengthening unity were unleashed as the Group focused of a RM250,000 donation to the Media Prima-NSTP Humanitarian
on driving socially responsible business practices while providing Fund, RM100,000 aid towards the Star Foundation-Medical
assistance to stakeholders in their time of need and ensuring the Fund in support of the Star Frontliners Initiative, and RM50,000
health and safety of our people. towards the COVID-19 Fund organised by the Ministry of Health Paving the Way for a Sustainable Future
(“MOH”). The donations collected via the funds are being utilised
Corresponding to the Government’s directives and guidelines for the purchase of medical necessities to ease the shortage of
set by the Ministry of Health (“MOH”), all subsidiaries within medical supplies faced by the designated government hospitals
the Group have taken precautionary measures to safeguard the in providing screening and treatment for COVID-19 patients and
wellbeing of our customers, employees and other stakeholders frontliners who work tirelessly during these trying times for the
against the COVID-19 virus. A total expenditure of RM3.95 million safety of the communities.
was devoted to purchasing necessary equipment and sanitisers
for new norm protocols in 2020 and a further expenditure of Following the third wave of COVID-19 that hit the country, Bank 69
RM4.26 million has been budgeted for similar expenses in 2021. Islam’s Sadaqa House organised the #KitaBantuKita Campaign
All three subsidiaries, Bank Islam Malaysia Berhad (“Bank Islam” or from 25 November 2020 to 31 January 2021 to raise funds from
“the Bank”), Syarikat Takaful Malaysia Keluarga Berhad (“Takaful the public to help ease the burden of those who are affected.
Malaysia”), and BIMB Securities Sdn. Bhd. (“BIMB Securities”), The campaign provided easy channels for public contributions
have established robust protocols and awareness management, and matched every contribution on a one to one basis up to a
implemented flexible work arrangements, quarantine measures, maximum of RM500,000.
regular sanitisation works and enforced new norms for employees,
customers and other visitors. Takaful Malaysia participated in the COVID-19 Test Fund (“CTF”), Adhering to the Best Governance Practices
an insurance and takaful industry initiative in support of MOH’s
Supporting the nation’s fight against COVID-19, the BHB Group efforts to conduct more COVID-19 tests for Malaysians. In
contributed a total of RM2.5 million in FY2020, in support of collaboration with Taylor’s Community, a consolidated Corporate
various humanitarian and medical-related causes in combating Social Responsibility (“CSR”) platform for Taylor’s Education
the COVID-19 pandemic. BHB contributed RM1 million to the Group, a joint community-based project was initiated to help |
#MusaadahCOVID-19 Fund, a fundraising programme to provide B40 families who faced challenges in making ends meet during
relief to Muslim and non-Muslim frontliners battling the outbreak. the government imposed Movement Control Order (“MCO”).

Bank Islam made contributions totalling RM600,000 to provide Other initiatives towards enhancing a sustainable business
financial assistance to micro-entrepreneurs whose businesses ecosystem during the year under review were in line with BHB’s Laying the Foundation for Financial Growth
were severely affected by the pandemic; for the Direct Relief five key priorities of Responsible Finance, Inclusive Growth,
Support Programme which supplied food and necessities to Talent Enrichment, Ethical Practice & Reporting and Islamic
charitable organisations and frontline communities; and funded Finance & Knowledge-Sharing, which firmly anchor our
the purchase of necessities and essential needs for hospitals subsidiaries’ strategies.
nationwide. |

GROUP PBZT WAS
BANK ISLAM PBZT TAKAFUL MALAYSIA PBZT Additional Information & Disclosure Summary
RM728.2 million RM426.8 million
8.9%
LOWER AT RM1.1 billion NET FINANCING GROWTH OF

NET RETURN ON EQUITY 10.5% BIMB SECURITIES LBZT |
(“ROE”) WAS RM2.3 million
12.8% 24 th AGM Information