International Finance Magazine, Financial Awards - Malaysia 2013

LONDON, July 9, 2013 /PRNewswire/ --

International Finance Magazine has announced the financial award winners in Malaysia. The recipients have been chosen after a rigorous selection process by the internal team as well as key inputs from an external agency. IFM Financial Awards honours the achievers in the finance industry who have excelled in their areas of expertise and made contributions through activities of note. Apart from financial performances the award also gives cognizance on the contributions made in corporate social responsibility activities that include charitable activities, better corporate governance and other efforts that impact the community. The winners will be honoured in the vibrant and mesmerizing city of Dubai, in December, later this year.

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From a producer of raw materials, Malaysia has evolved into a multi sector economy and transformed into a service driven and knowledge based economy. As per information available from World Bank, the country was ranked 12^th out of 135 economies in a survey, growth in the nation has also been accompanied by a reduction in poverty from 12.3 percent in 1984 to 2.3 percent in 2009. The World Bank survey also estimates the country to reach high-income status by 2020 while ensuring that growth is also sustainable and inclusive.

Sunil Bhat, Director and Publisher of the magazine said "The Malaysian economy has seen tremendous growth over the past few years. International Finance Magazine identifies some key performers in the financial domain who have contributed to the growth of the nation. Many congratulations to the winners and wish them success in their future endeavors"

Detailed summary of the award winners could be found on the article http://www.internationalfinancemagazine.com/article/index/International-Finance-Magazine-Financial-Awards-Malaysia-2013.html

The recipients of the financial awards 2013 for Malaysia are:

Best Islamic Bank
Maybank Islamic Berhad

Most Innovative Islamic Bank
Bank Islam Malaysia Berhad

Best Sukuk House
AmInvest

Best Islamic Asset Management Company
AmInvest

Best Takaful provider
Prudential BSN Takaful Berhad

Best Takaful Product
MAA Takaful

Best Corporate Internet Bank
OCBC Bank

Best Islamic Finance Advisor
IBFIM

Commenting on the awards, Datin Maznah Mahbob, Chief Executive Officer of AmInvest said, "We are truly honored to receive these awards which validate our Shariah-compliant expertise and capabilities built over three decades within the industry.  Our focus has always been to provide global best investment solutions that cater to the investment needs of global investors, especially in Asian equities and global sukuk. As we expand our global footprint, the acknowledgments of our team's hard work and commitment to excellence through these awards will enhance our proven track record in consistently creating value for our clients."

Managing Director of Bank Islam Malaysia Berhad, Dato' Sri Zukri Samad said "Bank Islam is honored to be recognized as the Most Innovative Islamic Bank in Malaysia for the year 2013 by International Financial Magazine, UK. The achievement is an important milestone for the Bank, and another step in the right direction for us to become a major regional player. Winning the award vindicates our long-held belief that innovation is the key to the Bank's sustainability and its rising relevance to the industry. It is also a reflection of our 'Pioneering Change' spirit as we seek to differentiate ourselves within the increasingly competitive Islamic Banking industry, and for that I must thank the Bank's entire workforce for their efforts in making this happen."

International Finance Magazine a London based online magazine with extensive focus on capital markets, Islamic finance, trading and technology and wealth management has exclusive articles covered by its media team, in the banking arena the magazine has latest articles on regulatory and compliance issues, banking technology and regular updates on developments in the banking sector in Europe and America. The Islamic finance section contains the latest developments in the sector, annual conferences and explaining the concepts of Islamic finance in a language easily understandable to the readers, the wealth management segment contains useful articles on retirement planning, REIT's and international wealth management news. The capital market segment has abounding articles on international tax issues, review on major economies of the world and scandals in the capital market in U.S. and other countries. With ethical journalism, transparency and adroitness the magazine is forging ahead with a first page listing in the search engine rankings.

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SOURCE International Finance Magazine