How to navigate our report We proudly present our Integrated Annual Report 2024 (IAR2024 or the Report), providing an in-depth review of our performance over the last financial year and our outlook for 2025. Centred on the theme “Driving a Sustainable Future”, the Report illustrates Bank Islam Malaysia Berhad’s (Bank Islam or the Group) commitment to driving sustainable, purpose-led progress beyond profit through responsible Islamic banking and strategic stakeholder value creation. CAPITALS FC Financial IN Intellectual HU Human SR Social and Relationship MF Manufactured NT Natural STRATEGIC FOCUS AREAS SP Sustainable Prosperity VBC Values-based Culture CE Community Empowerment RE Real Economy CC Customer-centricity D Digitalisation REPORTING SCOPE AND BOUNDARY This Report employs an integrated approach, covering: • Material aspects such as strategy, business model, risks, and opportunities, financial performance, key initiatives, and governance; and • Non-financial factors, including non-financial performance, environmental, social, and governance (ESG) considerations, and the use of our capitals. Our IARs are published annually, with this edition covering our performance from 1 January to 31 December 2024 (FY2024 or the year), unless otherwise stated. REPORTING FRAMEWORK Our integrated reporting process, as well as the content of this Report, has been prepared in accordance with the International Integrated Reporting Framework (IIRF) 2021 by IFRS Foundation. In addition, the following frameworks and standards were consulted: • Value Reporting Foundation’s International Integrated Reporting Framework (January 2021) • Bursa Malaysia Securities Berhad’s (Bursa Malaysia) Main Market Listing Requirements on Sustainability Reporting • Securities Commission Malaysia’s Malaysian Code on Corporate Governance (MCCG) 2021 • Malaysia’s Companies Act 2016 • Malaysian Financial Reporting Standards (MFRS) • Bank Negara Malaysia’s (BNM) Corporate Governance Policy • Bursa Malaysia’s Sustainability Reporting Guide • Global Reporting Initiative’s (GRI) Sustainability Reporting Standards • Task Force on Climate-related Financial Disclosures (TCFD) • United Nations Sustainable Development Goals (UNSDGs) • International Financial Reporting Standards (IFRS) Foundation’s International Integrated Reporting Framework (IIRF) (2021) • Bursa Malaysia’s Corporate Governance Guide (4th edition) • BNM’s Policy Documents and Guidelines • Malaysia’s Financial Services Act 2013 • Malaysia’s Islamic Financial Services Act 2013 • FTSE4Good Bursa Malaysia Index’s Environmental, Social and Governance (ESG) Indicators • BNM’s Climate Risk Management and Scenario Analysis (CRMSA) • Sustainability Accounting Standards Board’s (SASB) Sector Specific Disclosures • World Business Council for Sustainable Development (WBCSD) and World Resources Institute’s (WRI) Greenhouse Gas (GHG) Protocol: Corporate Accounting and Reporting Standard • Partnership for Carbon Accounting Financials’ (PCAF) Global GHG Accounting and Reporting Standard for the Financial Industry • International Sustainability Standards Board’s (ISSB) S1 General Requirements for Disclosure of Sustainability-related Financial Information and S2 Climate-related Disclosures • International Federations of Accounts for International Standard on Assurance Engagements (ISAE) 3000 KEY RISKS CR Credit Risk NFR Non-Financial Risk MR Market Risk TCR Technology and Cyber Risk RORBB Rate of Return Risk in Banking Book (RORBB) SNC Shariah NonCompliance Risk LR Liquidity Risk RCR Regulatory/Compliance Risk SR Strategic Risk CRR Climate-related Risk STAKEHOLDERS EM Employees GR Governments and Regulators CU Customers IV Investors LC Local Communities About Our Report
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