WHO WE ARE AND WHAT WE DO Bank Islam's Commercial Banking team provides comprehensive and wide range of Shariah-based financing solutions to our customer. We are committed to promote best practices and ensure efficient service delivery to all customers guided by Environmental, Social and Governance (ESG) principles. KEY FOCUS AREAS & RESULTS Focus Areas What We Did in 2022 Results Focus on Green Financing We will continue our focus on Green Financing as part of main initiative under the Sustainable Prosperity and to encourage financing towards ESG-positive product and services including renewable energy, socially and environmentally responsible businesses. We are stepping up our efforts to support the country’s aspiration to promote the growth of green economy by channelling our capital and resources towards supporting sectors and economic activities under this segment. The Division’s exposure to green financing portfolio includes renewable energy (solar), water treatment and waste management. The government continues to promote a more effective way of waste management by encouraging the reuse and reduce method and ultimately reducing landfill wastes. We want to take this opportunity to grow our financing asset towards the waste management and water treatment ecosystem as well as other green economy or technology in parallel with rapid expansion in this segment growth. Approved: RM438.1 million (14 projects) Focus on financing of Affordable Home projects to support Government initiative 500,000 units of Affordable Home will be built under the 12th Malaysia Plan, as well as improvements made to facilitate home financing, including Fund for Affordable Housing, Youth Housing Scheme and Rent-to-Own Program (RTO) to increase the opportunities for the B40 and M40 groups to own homes. Furthermore, affordable home is currently a top priority for most property developers in Malaysia. The development of this residential segment not only helps sales, but also provides opportunities for people to own homes. This is further driven by the increasing awareness and desire of buyers towards home ownership, although the economy is still unstable due to the Covid-19 pandemic. Therefore, we want to support the Government’s initiative to offer more affordable homes for the B40 and M40, by playing our part to provide bridging financing for the affordable homes project to be developed in strategic locations with promising take-up rate. Approved: RM41.8 million (3 projects) Integrated Report 2022 90 BUSINESS REVIEW Commercial Banking
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