economy

Maybank Indonesia Wins Global Award, Euromoney Islamic Finance Award 2024

Maybank Indonesia, a subsidiary of PT Bank Maybank Indonesia Tbk, has recently received two prestigious awards at the Euromoney Islamic Finance Award 2024. The awards were presented to Ricky Antariksa, the Director of Global Banking at Maybank Indonesia, in Dubai, UAE, last week.

During the event, Maybank Indonesia's Sharia Business Unit (UUS) won two awards that were previously curated by an independent panel of judges. The awards are as follows:

1. Best Islamic Local Currency Deal - Indonesia: Permodalan Nasional Madani Rp1 trillion Shariah Financing

2. Best Islamic Project Finance Deal - Indonesia: PLN Batam Rp588 billion Ijarah Muntahiyah Bit Tamlik (IMBT) financing

Ricky Antariksa, the Director of Global Banking at Maybank Indonesia, expressed his pride in this achievement. He said, "We are grateful for this recognition, as it signifies Maybank Indonesia's commitment to sustainable financing and providing Islamic/Sharia-based banking services that have a positive impact on the environment and reach a wider audience. We would like to thank everyone for their support and trust in us."

Ricky added that these awards serve as a motivation for Maybank Indonesia to continue improving its performance and implementing the M25+ Maybank Group strategy, which focuses on Islamic solutions and becoming an ESG leader in the ASEAN region to support sustainable growth.

The Euromoney Islamic Finance Award 2024 is a global-level recognition given to Islamic/Sharia financial institutions. Organized for over 30 years, these awards are known for their independent curation of various global banking achievements.

The Euromoney Islamic Finance Award is evaluated by a panel of journalists and researchers from Euromoney.

The assessment process is very transparent with predetermined main criteria, one of which is the achievements that will be curated by the Euromoney panel. In addition to submissions received from banks, they also conduct research based on information in the market, similar industries, and listen to the opinions of industry players involved.

This achievement is also the result of a strong collaboration between Maybank Indonesia and its strategic partners. The Director of Operations, Digital, and Information Technology at Permodalan Nasional Madani (PNM), Sunar Basuki, said, "As a country with a majority Muslim population, the potential for Sharia financing in Indonesia is huge. We express our gratitude to all parties who have supported PNM up to now. This certainly motivates us to continue contributing to Sharia financing in Indonesia."

Meanwhile, the Director of Finance and HR at PT PLN Batam, PardameanMatondang, explained, "We are proud to be part of this internationally recognized collaboration. We hope that the cooperation between PT PLN Batam and Maybank Indonesia can make a significant contribution to sustainable development, especially in the energy transition to drive the economy in Indonesia."