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GIFA Awards
(Banking & Finance Sector)
Awarded by: Pioneer of Islamic Banking Award 2016

Bank Muamalat Malaysia Berhad was awarded with the “Pioneer of Islamic Banking Award 2016” by GIFA in Jakarta on 29 September, 2016. The event was graced by His Excellency President Joko Widodo. The objective of GIFA is to highlight best practices in Islamic banking and celebrate the success of institutions in promoting social responsibility and commitment to Islamic banking. Bank Muamalat’s pioneering initiatives on launching the first ever IAP deal, the innovative CASA Tawarruq product, first ever Waqf-based Debit Card and efforts in promoting Muamalat Gold-i, have laid the foundations for greater success of the bank. Pursuant to these achievements, the GIFA Committee have recognized Bank Muamalat for this prestigious award. Dato’ Redza was quoted in the programme handbook with the following excerpt: “This is a recognition which I wish to dedicate to all staff, management, Shariah committee and Board members for their leadership, commitment and hardwork towards making Bank Muamalat a banker of choice for the communities that we serve” .