The Asset Triple A
Islamic Finance Awards 2021
Best banking product and solution/Treasury and trade
Banking product and solution
Treasury and Trade
Best fintech robo mobile application
BEST Invest mobile application
Service provider: BIMB Investment
This is the world’s first Shariah ESG robo intelligence unit trust mobile application. It is an investment platform that offers investors analytics investment to systematically assess their investment risk profile and investment goals by automatically allocating their investments through a diversified unit trust funds managed by BIMB Investment that aims to maximize returns and management investments risks over time.
Best mobile banking product
MAE by Maybank2U app
Service provider: Maybank
This is Malaysia’s first Shariah-compliant e-wallet issued by Maybank and its authorized manager Maybank Islamic based on Shariah contract of wakala, which offers customers several functionalities such as performing payments using QRPay, paying bills and fund transfer to own and other bank accounts.
Best banking loan solution
BizMikro-i and psychometric assessment
Service provider: Credit Guarantee Corporation
The scheme is introduced to assess and gather experience on the application of psychometric test as an alternative credit assessment for micro financing. BizMikro-i as a term financing is for working capital only, with the financing size ranging from 1,000 ringgit to 10,000 ringgit, using the principle of commodity murabaha to serve its clients.
Best trade finance deal
Ministry of Finance US$200 million trade finance facility
Structuring bank and financier: Standard Chartered
This is the first of its kind trade-based funding facility for MoF to finance the imports of LNG by Pakistan State Oil from Qatar. The dual tranche facility can be drawn either under Islamic or conventional financing and garnered strong interest from bank investors, insurance and re-insurance companies covering both Islamic and conventional structures.