SUSTAINABLE PROSPERITY Focus Areas Resources Allocated Initiatives Performance and Achievements The six pillars of LEAP25 align our objectives with stakeholder priorities and global sustainability goals, reinforcing our commitment to sustainable and inclusive progress. Integrating sustainability considerations into our strategy harmonises long-term economic growth with environmental and social well-being, ensuring progress today while preserving opportunities for the future. • Deliver strong financial results through revenue growth and operational efficiency. • Focus on value-based businesses and products, and high-growth sectors. • Increase our fee-based activities to diversify our income sources and enhance our profitability. • Commit to cost management and operational optimisation. • Promote long-term climate action through ecoinitiatives and environmental programmes that embed sustainability into our organisational culture. • Integrate initiatives aligned with the UNSDGs, Maqasid Shariah, and sustainable practices to enhance employee well-being and inclusivity. • Financial Capital: Provide Shariah-compliant financing for renewable energy, ethical enterprises, and sustainable infrastructure. • Social and Relationship Capital: Foster partnerships that drive equitable growth and inclusive development. • Natural Capital: Support initiatives that protect natural resources and promote environmental sustainability. • Prioritised acquiring green and renewable energy assets to align with global sustainability goals and contribute to a low-carbon economy. • Formed a strategic partnership with the Malaysia Green Technology and Climate Change Corporation (MGTC), offering complete banking solutions tailored to companies recognised under its myHIJAU green recognition scheme. • Collaborated with government agencies, GLCs, and private companies under the Employer Package programme to offer enhanced financing rates on personal financing, home financing, vehicle financing, and credit cards, facilitated through salary deductions and salary transfers. • Expanded our stock coverage significantly with coverage including thematic ESG reports, while continuing to deliver high-quality client service and engagements. • Onboarded experienced and highly skilled professionals to drive growth and expansion. • Broadened our range of key customers while maintaining our strong relationships with existing clients. • Strengthened our Shariah advisory with services such as Shariah assessments, training sessions, reviews and exploring potential strategic collaboration within the Islamic finance sector. • Secured four awards at The Edge Malaysia ESG Awards, including Makmur myWakaf Fund recognition. • Received The Asset Triple A Awards 2024 for Best Individual in Trading, Malaysian Ringgit bond (Highly Commended, 3rd Place), and Best SRI Sukuk - Water for a RM1 billion five-tranche SRI Kelestarian Sukuk as principal adviser, Shariah adviser, lead arranger and lead manager. • Completed 13 deals, comprising five GG, five AAA, one AA1, one A3, and one A1 issuance – with a total amount of RM16.4 billion, surpassing our total issuance for 2023, while securing top five place in the Bloomberg League ranking with a 5.1% market share. • Drove ESG transactions within the investment banking and advisory sphere, amounting to RM13.1 billion and representing 80% of our total transaction value of RM16.4 billion. • Mobilised a total of RM25.7 billion in sustainable financing and treasury assets. • Achieved 40.7% y-o-y growth in income for the Wealth Management segment. • 16 new products launched for Wealth Management, which are 13 new Unit Trusts, 2 new Takaful and 1 Dual Currency Investment – a sophisticated product specifically for the Premier Wealth customer segment. • Achieved RM7.5 billion of UNSDG-linked sukuk exposure, surpassing our FY2024 target. • Total assets under management (AUM) for Shariah-SRI funds reached RM496.5 million, accounting for 49.2% of total AUM, and continue to show strong growth. • Increased stock research coverage to include 88 stocks in 2024, including thematic ESG reports to enable sustainable investment decisions. • Increased BIMB Securities Institutional Brokerage’s income by 126.3% y-o-y. • Recorded a 9.3% y-o-y growth in home financing disbursements. ✓ Exceeded our SJKP disbursement target by 113%. ✓ Exceeded our home financing acceptance target via PR1MA, PPAM, and Residensi Wilayah Madani by 226%. ✓ Outperformed our referral schemes target for real estate agents and negotiators by 118%. • Introduced STMKB Takaful MyPrime Cover, an affordable protection plan with savings elements, critical illness, personal accident, and hospital cash coverage, targeting the mass market. • Launched ISIA 2.0, a value-based impact investment aligned with UNSDG financing. Together, both ISIA funds have reached a total fund size of RM1.8 billion. • Expanded disbursement of our Shariah-compliant HEV financing to RM131.2 million, alongside Shariah-ESG products and solutions financing to RM4.9 billion, surpassing our LEAP25 target of RM4 billion. • Approved 996 HEV cases from January to December 2024. • Scaled up solar panel installations and LED retrofitting across branches and facilities as strategic investment to enhance efficiency, reduce costs, and support long-term financial and environmental sustainability. Bank Islam Malaysia Berhad ◆ Integrated Annual Report 2024 66 Strategic Performance Review
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