COMMUNITY EMPOWERMENT Promote Social Finance by supporting entrepreneurship among the marginalised communities and expanding financial services to the underbanked. Mobilise resources for social impact through charitable initiatives and crowdfunding. Implement CSR programmes with a focus on financial empowerment and alignment with ethical principles. Key Priorities Surpassed the FY2023 Blended Finance Programmes target by disbursing RM8.3 million, marking a 4.2% increase over the goal. Disbursed RM1.3 million in funding escalator to 187 beneficiaries, exceeding our goal by 33%. Ensured the smooth implementation of the SakeenaHOPe, delivered two houses and approved nine (9) applications with ongoing construction. Apart from that, actively evaluating 90 applications for credit eligibility in collaboration with the Retail Banking Division. Enhanced social impact through AMAL Initiatives by enabling 12 visually impaired individuals to own homes, supported by an RM660,000 allocation and the dedicated efforts of 20 staff members. Performance Metrics 2020 2021 2022 2023 Investment made in community enrichment (RM million) 1.5 3.6 5.1 12.8 Applications for SakeenaHOPe 10 26 36 101 Performance & Achievements Broadened the reach and effectiveness of blended finance programmes, particularly iTEKAD Maju and iTEKAD BangKIT, by streamlining the distribution of grants. Promoted the effective distribution of funds to iTEKAD Maju and iTEKAD BangKIT programmes by leveraging branch networks. Enhanced the distribution and expanded the coverage of funds for the BangKIT Business Grant under the Funding Escalator initiative. Streamlined the offering of Sakeenah Home Ownership Programme (SakeenaHOPe) by the Group Social Finance Division through strategic collaborations with State Islamic Religious Councils. Fortified partnerships with social organisations to advance positive social impacts through various AMAL initiatives. Initiatives Outlook & Future Priorities Expand into new market sectors and explore new asset classes and SRI funds. Lead in the next generation of asset management by providing sustainable risk-adjusted investment returns leveraging big data and artificial intelligence. Strive to champion effective wealth circulation through Social Finance, impacting the livelihoods of more than 3,000 beneficiaries. Prioritise the implementation of the Community Economic Empowerment Ecosystem (C3e) to increase the capacity of Sadaqa House’s collection. Focus on the upward mobility creation among iTEKAD microentrepreneurs. 65 1 2 3 4 5 6 7 8 9 www.bankislam.com MANAGEMENT DISCUSSION AND ANALYSIS – STRATEGIC REVIEW
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