Bank Islam Integrated Annual Report 2020

Key Message About Our Repor t Over v iew of Bank I s lam REINFORCING GOOD {ÝřKĄÇ Ç:K ěÝ yĩěĩĄKӳ PROOF BUSINESS In furthering the wealth creation and wealth preser vation aspect of our banking business, we operate to the highest standards of corporate and Shariah governance. Transparency, ethics, and integrity are values that help us bridge stakeholder relationships, keep their trust, and earn their loyalty and conf idence in Bank Islam and its products and services. ěȃlj ʰljƃɨ ѵѳѵѳ ȃƃɰ ɨljȈȶǹɁɨƺljǁ ɽȃlj ȶljljǁ to enhance the ro l e of Boards and governance to safeguard the business and its stakeholders against ʍȶɥɨljƺljǁljȶɽljǁ ɨȈɰȟɰ ɰʍƺȃ ƃɰ :ÝřŽAӸѴѼӝ ŚȃȈȢlj Ɂʍɨ ɰljȶȈɁɨ ȴƃȶƃǼljȴljȶɽ ȴljȴƹljɨɰ were hands - on wi th immedi ate mitigation efforts to alleviate the impact Ɂǹ ɽȃlj ɥƃȶǁljȴȈƺӗ ɽȃlj 9Ɂƃɨǁ Ɂǹ AȈɨljƺɽɁɨɰ deliberated on strengthening due diligence mechanisms of Bank Islam to assess various mid-term and long-term risks to business. The idea is to future- proof our people as wel l as our organisation with adequate and robust business continuity plans and alternative business models, which will keep Bank Islam agile and responsive to the dynamic marketplace into the future. REDOUBLE OUR CSR EFFORTS Amidst the health and socio-economic crises, at Bank Islam, our attempt has been to go beyond what is mandated by the government and regulatory authorities in order to better serve ɰɁƺȈljɽʰӝ Ślj ƺɁȶɽȈȶʍljǁ Ɂʍɨ ƺɁȴȴȈɽȴljȶɽ to share wealth and prosperity with wider members of society, especially the at-risk and vulnerable communities and stakeholders. In other words, in addition to the moratorium to customers affected by the pandemi c , we a l located contributions from our Islamic social finance instruments such as Sadaqah, Źƃȟƃɽӗ ƃȶǁ Śƃɧǹ ɽɁ ɰʍɥɥɁɨɽ ƃȶǁ ƃɰɰȈɰɽ disadvantaged and underprivileged people, helping them to survive the debilitating effects of the pandemic. For instance, early this year, as floods ȃȈɽ ɽȃlj ɰɽƃɽljɰ Ɂǹ °ɁȃɁɨ ƃȶǁ ĀƃȃƃȶǼ impacting communities who were already struggling with the pandemic, ʥlj ɨƃȈɰljǁ ĄÃѷѳѳӗѳѳѳ ɽȃɨɁʍǼȃ Ɂʍɨ Islamic crowdfunding platform, Sadaqa House, for disaster relief efforts such as provision of food and drinks, medicines, essential equipment for flood evacuees at temporary evacuation centres, and the purchase of cleaning tools for post- ǹȢɁɁǁ ƺɁȶǁȈɽȈɁȶɰӝ Ślj ƃȢɰɁ ƺɁȶɽɨȈƹʍɽljǁ ĄÃѴѳѳӗѳѳѳ ǹɨɁȴ ɽȃlj ɽɁɽƃȢ ǹʍȶǁ ɽɁ Yayasan Al-Sultan Abdullah, which was actively carrying out initiatives to help those placed in temporary evacuation centres. Bank Islam has also established strategic cooperation with several government agenci es and non-governmental organisations (NGOs), including the Malaysian Armed Forces (ATM); Fire and Ąljɰƺʍlj Aljɥƃɨɽȴljȶɽ Ɂǹ ÃƃȢƃʰɰȈƃ ӯ°9ĀÃӰӢ Aljɥƃɨɽȴljȶɽ Ɂǹ ČɁƺȈƃȢ ŚljȢǹƃɨlj ӯ°¶ÃӰӢ ÇƃɽȈɁȶƃȢ AȈɰƃɰɽljɨ ÃƃȶƃǼljȴljȶɽ Ǽljȶƺʰ ӯÇ Aà ӰӢ ťƃʰƃɰƃȶ yɁɁǁ 9ƃȶȟ ÃƃȢƃʰɰȈƃ (YBFM); Imam Response and Relief Team (IMARET) and Mercy Malaysia for the distribution of the assistance. Č ě ѶѴ AK:KÃ9KĄ ѵѳѵѳӗ ŚK ‰ řK :‰ ÇÇK¸KA ÃÝĄK ě‰ Ç ĄÃѵӝѵ θ¸ŽÝÇ ěÝŚ ĄAČ ř ĄŽÝĩČ :ČĄ ŽÇŽěŽ ěŽřKČӗ :ÝÇ졎9ĩěŽÇ{ ÃÝĄK ě‰ Ç Ѹӗѻѳѳ řݸĩÇěKKĄ ‰ÝĩĄČ ÇA 9KÇKyŽěěŽÇ{ ÃÝĄK ě‰ Ç ѷӗѸѳѳ ÃKÃ9KĄČ Ýy ě‰K :ÝÃÃĩǎěťӝ 10 MESSAGE FROM THE CHAIRMAN