M Main Market: A prime market for listing established companies that have achieved a certain minimum profit track record or size. It is also a platform to list other capital market products such as debt securities, ETFs, REITs and structured warrants. Maqasid Syariah: The fundamental framework in deciding the underlying values, moral compass and goals in Islamic finance. Market Capitalisation: The total value of a listed company’s shares based on the current market price. Material Matters: Refers to matters that are of most importance to Bank Islam, based on our significant economic, environmental, and social impacts and which substantively influence the assessments and decisions of our key stakeholders. They are also determined based on how they impact or are impacted by our value-creation activities. Monetary policy: A set of tools used by the central bank to manage the money supply and foster economic growth and employ strategies such as revising interest rates and altering bank reserve requirements. Mudarabah: Profit sharing contract. Murabahah: An Islamic financing structure referring to a sale contract with a disclosure of the asset cost price and profit margin to the buyer. N Net Promoter Score (NPS): A metric used to measure customers’ loyalty, satisfaction and enthusiasm with a company. Q Qardhul Hassan: A benevolent financing concept that offers profit-free financial assistance. S Sadaqah: Voluntary charity to help those in need through generosity, love, compassion or faith. These are not always physical or monetary, carried out with Allah SWT in mind. Sadaqa House: Bank Islam’s charity crowdfunding platform connects donors with charity projects. It collects, manages, and distributes donations and channelling funds to identified projects, benefitting underserved communities in selected sectors. Sukuk: A financial instrument that complies with Islamic principles and represents ownership in underlying assets or projects. Sustainable Development Goals (SDGs): The United Nations (UN) SDGs provide a blueprint for a better and sustainable future, addressing global challenges such as poverty, inequality, climate change, environmental degradation, prosperity, peace, and justice. Sustainable and Responsible Investment (SRI): An approach to investing that aims to incorporate ESG factors into investment decisions, to better manage risk and generate sustainable, long-term returns. T TAAT: Bank Islam’s core values of “Think Customer, Act with Integrity, Advance Beyond and Take Charge” (TAAT). Task Force on Climate-related Financial Disclosures (TCFD): Aims to develop recommendations for voluntary climaterelated financial disclosures that are consistent, comparable, reliable, clear, and efficient, and provide decision-useful information to lenders, insurers, and investors. Tawarruq: An Islamic financing structure involves purchasing a commodity at a deferred price, either in the form of Murabahah or Musawamah and later selling it to a third party to obtain cash. TruPoints: A component of Bank Islam TruRewards Royalty Programme, enables cardmembers to redeem TruPoints collected when they spend on retail transactions using their Bank Islam Card-i for the latest lifestyle appliances or Sadaqa House contributions. V Value-based Intermediation (VBI): An Islamic finance business model that aims towards realising the objective of Shariah that generates a positive and sustainable impact on the economy, community, and environment through practices, processes, offerings and conduct. W Waqf: A form of charitable endowment in which property or assets are donated for the use and benefits of the public. The endowment is intended to be perpetual with the assets held in trust, and the income generated from the assets is used for charitable purposes. Z Zakat: One of the fundamental obligations in Islam intended for socio-economic growth and spiritual purification. Zakat is vital for uplifting the living standards of the poor and bolstering public revenue in developing nations, promoting socio-economic justice. 510 Bank Islam Malaysia Berhad ◆ Integrated Annual Report 2023 Glossary
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