1 516

Bank Islam Integrated Annual Report 2023

BIMB INTEGRATED ANNUAL REPORT 2023 1
Inside 2023 Integrated Annual Report 4
OVERVIEW OF BANK ISLAM 6
Overview of Bank Islam Who We Are | Highlights | Vision | Mission | Our Brand Promise | TAAT Values 6
2023 Key Highlights 7
• Financial Highlights 7
• Business Highlights 7
• Sustainability Highlights 7
Our Presence 8
How We Are Structured: Group Corporate Structure 9
Awards & Recognition 10
Our Competitive Advantage 11
Our Products & Services 11
Significant Events 2023 12
KEY MESSAGES 18
Chairman’s Letter 18
From the Desk of the GCEO 22
Financial Review by the GCFO 28
VALUE CREATION AT BANK ISLAM 32
Our Approach to Value Creation – How We Create Value 32
Our Value Creating Business Model 34
Performance by Capitals 36
Stakeholder Engagement 40
Value We Create 42
MANAGEMENT DISCUSSION AND ANALYSIS 45
STRATEGIC REVIEW 45
Operating Environment 45
Material Matters 50
Key Risks and Mitigation 58
Our Strategic Roadmap: LEAP25 62
Strategic Performance Review 64
PERFORMANCE REVIEW 70
5-Year Financial Summary 70
5-Year Financial Highlights 71
Financial by Contract 72
Segmental Analysis 72
Simplified Statements of Financial Position 73
Statement of Value Added & Distribution 74
Quarterly Performance 74
Financial Calendar 75
Investor Relations 76
BUSINESS REVIEW 79
Group Retail Banking 79
Group Institutional Banking 88
SUSTAINABILITY STATEMENT 99
Sustainability Statement 99
Economic Impact 111
Environmental Impact 120
Social Impact 124
Governance 154
Performance Data Table 172
LEADERSHIP 174
Corporate Information 174
Board Composition 176
Board of Directors’ Profile 177
Shariah Supervisory Council’s Profile 186
Management Team’s Profile 189
Heads of Subsidiaries’ Profile 197
Organisation Structure 198
ACCOUNTABILITY 199
Corporate Governance Overview Statement 199
Additional Compliance Information 226
Board Audit & Examination Committee (BAEC) Report 227
Statement on Risk Management and Internal Control 233
FINANCIAL STATEMENTS 248
Directors’ Report 249
Statement by Directors 256
Report of the Shariah Supervisory Council 257
Statutory Declaration 263
Independent Auditors’ Report 264
Statements of Financial Position 268
Statements of Profit or Loss 269
Statements of Other Comprehensive Income 270
Consolidated Statement of Changes in Equity 271
Statements of Cash Flow 273
Notes to the Financial Statements 277
Pillar 3 Disclosure 407
ADDITIONAL INFORMATION 472
Shareholdings’ Analysis 472
Properties Owned by Bank Islam 475
Directory of Main and Regional Offices 476
Ar-Rahnu Branches 480
SME Hubs 482
Bureau de Change 483
Vehicle Financing Sales Hubs 484
Subsidiaries of Bank Islam 486
GRI Content Index 487
TCFD Index 491
Notice of the 41st Annual General Meeting 492
Statement Accompanying Notice of the 41st Annual General Meeting 498
Administrative Guide 502
Abbreviation 508
Glossary 511
Form of Proxy 513

RkJQdWJsaXNoZXIy NDgzMzc=