The Value Created in 2023 1. Strengthening Ethical Standards and Anti-Corruption Measures To maintain our reputation as an ethical and responsible financial institution, we take proactive steps to obtain relevant certifications and align ourselves with recognised best practices in the industry. Our efforts include implementing various initiatives to ensure robust governance and ethical business conduct. ISO 37001 Anti-Bribery Management System (ABMS) Certification To reinforce Bank Islam's dedication to upholding integrity and ethical standards, specifically by addressing bribery and corruption. We implemented the ISO 37001 ABMS Certification, aligning our operations with guidelines that combat bribery. This standard offers a framework for organisations to enhance anti-bribery efforts. Adopting this voluntary standard enables us to prevent and address bribery, affirming our commitment to ethical business practices. This move is a key part of our strategy to maintain the highest levels of conduct, governance, and integrity. Our certification underscores our zerotolerance policy towards bribery and corruption, reinforcing our role as a leader in ethical practices within the industry. Bank Islam has on 5 October 2023 obtained the ISO 37001 Anti-Bribery Management System (ABMS) certification from ABAC Center of Excellence Sdn Bhd (ABAC), making it the first full-fledged Islamic financial institution in Malaysia to be awarded with this prestigious accreditation. The certification process includes ongoing Surveillance Audits in Years two (2) and three (3) by the Certification Body and Internal Audit Reviews by ABMS Ambassadors to ensure continuous adherence to ISO 37001 standards. The establishment of ABMS Guidelines further supports this initiative, offering clear guidance on the processes, responsibilities, and policies required by the standard. Objective: What We Did: Progress and Achievements: Monitoring and Evaluation of Organisational Anti-Corruption Plan (OACP) initiatives To enhance Bank Islam's corporate governance and integrity in line with the National Anti-Corruption Plan 2019-2023 through effective implementation of the OACP 2022-2025. Launched the OACP, a strategic framework consisting of 141 initiatives targeting short, medium, and long-term goals to strengthen governance, integrity, and anti-corruption measures. These initiatives are subject to continuous monitoring and evaluation to ensure effective implementation and compliance with the MACC Act Section 17A reporting obligations. The bank implemented a robust monitoring and reporting framework, facilitating biannual updates on OACP initiatives to the Group Management Executive Committee (GMEC) and the Board Audit and Examination Committee (BAEC), as well as to relevant regulators. This structured approach ensures accountability and ongoing refinement of our anticorruption strategies. Objective: What We Did: Progress and Achievements: 156 Bank Islam Malaysia Berhad ◆ Integrated Annual Report 2023 Governance
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