KUALA LUMPUR: CIMB Investment Bank Bhd and CIMB Islamic Bank Bhd have received multiple awards from Islamic Finance News at the IFN Deals of the Year Awards 2021.

       In addition, CIMB Islamic Bank has been recognised as the Best Islamic Bank in Malaysia for the sixth straight year at the IFN Best Bank Poll 2021.

       According to the group, the awards received this year include IFN Wakalah Deal of the Year, IFN Musharakah Deal of the Year, IFN Sovereign and Multilateral Deal of the Year and IFN SRI and ESG Deal of the Year.

       "These awards showcase CIMB’s ability to consistently deliver bespoke and innovative solutions to meet our clients’ funding needs, further entrenching CIMB’s and Malaysia’s position as a global leader in the Sukuk market.

       "These awards also highlight our progress towards becoming an ASEAN leader in sustainability, including our commitment to mobilise RM30 billion in sustainable finance by 2024," said CIMB Investment Bank Bhd CEO Jefferi Hashim in a statement.

       He added that CIMB Islamic Bank's recognition as the Best Islamic Bnk underscored its contribution to the development of Islamic finance for individuals, SMEs and corporate, as well as its support for the community and environment.

       Among the notable Sukuk deals was the Government of Malaysia’s (GOM) 10-year US$800mil sustainability Sukuk from its dual tranche US$1.3bil Sukuk Wakalah offering, which won the IFN Wakalah Deal of the Year 2021.

       This was the world’s first US Dollar sustainability Sukuk offering by a sovereign and this landmark transaction achieved the lowest US Dollar yield and spread to US Treasuries for the GOM.

       CIMB acted as active lead manager, active bookrunner and shariah adviser for the transaction and had the privilege of being the only Malaysian and Asean-based bank in the deal.

       The IFN Deals of the Year awards were established in 2006 and are presented to financial institutions who have participated in the industry’s most ground-breaking transactions each year.

       The IFN Best Banks Poll recognises the best providers of Islamic financial services as voted by the readers of IFN.