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Bank Islam Integrated Annual Report 2022

BIMB INTEGRATED ANNUAL REPORT 2022 1
Inside Our Report 4
Overview of BIMB 6
Vision | Mission | Our Brand Promise | TAAT Values | Who We Are | Highlights 6
2022 Key Highlights 7
Financial Highlights 7
Business Highlights 7
Sustainability Highlights 7
Awards & Recognition 8
Our Competitive Advantages 9
Our Presence 10
What We Do: Core Businesses 12
Our Product & Services 13
How We Are Structured 14
Significant Events 2022 15
Key Messages 18
From the Desk of the Chairman 18
Group Chief Executive Officer Statement 21
Financial Review by the Group Chief Financial Officer 29
Value Creation At BIMB 32
Our Integrated Approach to Value Creation 32
Our Value Creating Business Model 34
Performance by Capitals 36
Stakeholder Needs and Expectations 40
Management Discussion And Analysis 42
A. STRATEGIC REVIEW 42
Operating Environment 42
Key Market Trends Shaping Our Business 43
Material Matters 46
Key Risks and Mitigations 50
Our Strategic Roadmap: LEAP25 54
Strategic Performance Review 56
Key Performance Indicators 62
B. PERFORMANCE REVIEW 64
5-Year Financial Summary 64
5-Year Financial Highlights 65
Financial by Contract 66
Segmental Analysis 67
Simplified Statements of Financial Position 68
Statement of Value-added & Distribution 69
Quarterly Performance 70
Financial Calendar 71
C. BUSINESS REVIEW 72
Consumer Banking 72
Deposits and Cash Management 77
SME Banking 82
Corporate Banking 86
Commercial Banking 91
Treasury and Markets 97
BIMB Investment 100
BIMB Securities 106
Sustainability Statement 110
Sustainability Overview 110
Sustainability Dashboard 112
Sustainability @ BIMB 113
Sustainability Governance 115
Economic Impact 117
Environmental Impact 124
Social Impact 127
Good Governance 144
Leadership 156
Corporate Information 156
Board Composition 158
Board of Directors’ Profile 159
Shariah Supervisory Council’s Profile 169
Profile of Management Team 172
Heads of Subsidiaries’ Profile 178
Organisation Structure 179
Accountability 180
Corporate Governance Overview Statement 180
Additional Compliance Information 203
Board Audit & Examination Committee (BAEC) Report 204
Statement on Risk Management and Internal Control 210
Financial Statements 224
Directors’ Report 225
Statement by Directors 232
Report of the Shariah Supervisory Council 233
Statutory Declaration 239
Independent Auditors’ Report 240
Statements of Financial Position 244
Statements of Profit or Loss 245
Statements of Other Comprehensive Income 246
Consolidated Statement of Changes in Equity 247
Statements of Cash Flow 251
Notes to the Financial Statements 255
Pillar 3 Disclosure 385
Additional Information 445
Shareholdings’ Analysis 445
Properties Owned by BIMB Group 448
Directory of Main and Regional Offices 449
Ar-Rahnu Branches 453
SME Hub 455
Bureau de Change 456
Vehicle Financing Sales Hub 457
Subsidiaries of BIMB Group 459
GRI Context Index 460
Notice of the 40th Annual General Meeting 464
Statement Accompanying Notice of the 40th Annual General Meeting 471
Administrative Guide 472
Form of Proxy 479
Errata 481

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