Value Created for Government and Regulators Value Created for Bank Islam • Foster regulatory alignment and compliance culture, easing burdens on regulators • Implement industry standards and best practices for a robust and efficient financial system • Legal and regulatory frameworks that guide financial sector development Risks Opportunities • Failing to contribute to proposed regulations can lead to unfavourable rules, increasing compliance costs and operational burdens • A lack of clarity on regulatory expectations and priorities can cause inefficiencies and legal risks • Promote a level playing field and foster a healthy, stable market environment • Influence the development of regulations that are practical, and supportive of innovation in the banking industry Business Initiatives Value Creation Indicators • Participate in industry-wide events to share best practices through our memberships and associations within the sustainability community • Tax contribution Value Created for Local Communities Value Created for Bank Islam • Foster social unity and inclusivity through communitydriven initiatives • Unlock financial opportunities for microentrepreneurs with social finance and credit building • Raise microentrepreneurs awareness about integrating sustainable practices into their business operations • Facilitate access to credit specifically for financing SDGaligned assets, in accordance with the nation’s goals and framework • Expand social finance reach through Sadaqa House • Improved brand reputation and stronger customer relationships • Attract a larger pool of customers and collaborators who value ethical practices and social responsibility Risks Opportunities • Miss out on potential growth areas • Lose customers to competitors who are perceived as more socially responsible • Risk to the Bank’s reputation • Lead in providing Shariah-ESG integrated financial solutions, with a focus on digital banking innovation and social finance initiatives • Scale up public contributions toward projects that cater to the needs of underserved communities Business Initiatives Value Creation Indicators • Boost Sadaqa House’s collection capacity for greater economic empowerment through affordable housing and secured microfinance • Foster upward mobility and sustainability practices among iTEKAD microentrepreneurs • Sadaqa House collection • Number of social finance beneficiaries GR Government and Regulators LC Local Communities 41 1 2 3 4 5 6 7 8 9 www.bankislam.com VALUE CREATION AT BANK ISLAM
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