SUSTAINABLE AND RESPONSIBLE FINANCE As a leading Islamic bank, Bank Islam stands at the forefront of sustainable and responsible finance. Our commitment to leveraging finance for economic growth, societal benefit, and environmental preservation defines our core identity and mission. This focus is a critical part of the bank’s identity and mission, reflecting a deep understanding of the role financial institutions play in shaping a sustainable future. The Overall Approach Our core business philosophy is rooted in Maqasid Shariah, which emphasises community well-being and resource conservation. Guided by this philosophy and the ethos of VBI, we integrate ESG principles into our operations and offerings. Our dedication to driving positive social impact and responsible financial practices go hand in hand with generating financial returns, underscoring our comprehensive approach to value creation. In line with this commitment, our LEAP25 strategy is designed to redefine the landscape of Shariah-compliant ESG financial solutions, setting us as a leader in social finance and digital banking innovation. Our near-term goal was to double our Shariah-ESG assets to RM4 billion by 2025; having achieved this we are currently recalibrating our targets and realigning how we define Shariah-ESG and sustainable financing towards a higher target for FY2024 and onwards. In 2019, S. Devendra embarked on a journey to turn his passion for photography and videography into a business, establishing Deven Creative & Enterprise. This venture specialises in high-quality visual services that capture precious moments at various events. While attending the government's Permata Remaja Programme, the computer and network engineering graduate discovered the iTEKAD microfinancing programme offered by Bank Islam. Engaging with the iTEKAD BangKIT programme proved transformative for the young entrepreneur. The training sessions equipped him with valuable insights into financial and business management. Furthermore, the microfinancing grant empowered him to invest in crucial equipment, including new camera lenses and a professional studio lighting set. This enabled him to take on more projects, cater to a diverse clientele, and broaden his portfolio. The microfinancing programme provided immediate financial support, allowing Devendra to dream bigger and work towards achieving his long-term goals. He envisions further growth for his venture, with aspirations to establish his own dedicated studio space. The success of Deven Creative & Enterprise reflects the positive impact of Bank Islam's iTEKAD programmes in nurturing aspiring entrepreneurs and helping passion-driven ventures reach new heights. Programme: iTEKAD BangKIT Capturing Moments, Building Dreams 109 1 2 3 4 5 6 7 8 9 www.bankislam.com SUSTAINABILITY STATEMENT Economic Impact
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