CIMB COLLABORATES WITH SC AND BURSA MALAYSIA TO ADVANCE MALAYSIA’S ISLAMIC CAPITAL MARKETS

KUALA LUMPUR, March 27 (Bernama) -- In line with Securities Commission Malaysia’s (“SC”) Capital Market Masterplan 2026-2030 (“CMP”), CIMB Group Holdings Berhad (“CIMB” or “the Group”) today announced its commitment to develop an innovative instrument designed to advance Malaysia’s Islamic capital markets. CIMB will be collaborating with the SC and Bursa Malaysia Berhad in a pilot project under SC’s ICM Innovation Lab (“FIKRALab”). The innovation aims to broaden the investible universe for Shariah-compliant funds to participate in ASEAN's Islamic banking growth.

As one of ASEAN’s leading Islamic banking franchises, CIMB enters this next phase from a position of strength. Guided by its purpose of advancing customers and society, the Group continues to deepen its Islamic banking franchise as a core growth pillar. Today, more than half of its Malaysian financing book is Shariah-compliant, while CIMB Niaga in Indonesia is in the process of spinning off its Islamic banking business to be a full-fledged Islamic bank.