CIMB Islamic Bank Berhad

What CIMB Islamic Bank Berhad does

CIMB Islamic Bank Berhad is the Islamic banking and financial services subsidiary of CIMB Group Holdings Berhad, incorporated in Malaysia in 2004 and headquartered at Menara CIMB, Kuala Lumpur Sentral. The bank delivers Shariah-compliant consumer and wholesale banking products across retail, SME and corporate segments, serving over 13 million Islamic banking customers through ASEAN's largest retail network of more than 800 branches across Malaysia, Singapore, Indonesia, Thailand, Cambodia, Vietnam and the Philippines, with group presence extending to 10 countries.

Its product platform spans digital banking applications (CIMB OCTO App for retail, CIMB OCTO Biz for SMEs, CIMB Clicks and BizChannel@CIMB), market-first Islamic savings and investment products (DURIAN-i, EcoSave Savings Account-i), SME working-capital financing with pay-as-you-earn repayment (FlexiCash-i), automotive financing (First Car Solution), corporate and investment banking services, and a sustainability proposition anchored by the GreenBizReady platform and GHG Advisory Service for SMEs. The technology stack integrates eKYC computer vision, biometric authentication, AI-driven credit scoring, anomaly-detection fraud monitoring, and chatbot/voicebot servicing, supported by integrations with VISA, MasterCard, Alipay, Touch 'n Go eWallet, Firebase and major analytics providers.

Revenue is generated through Islamic financing income (Murabahah, Musyarakah, Mudharabah structures), investment account returns, wealth management and advisory fees, capital markets and sukuk arrangement fees, trade finance and transaction banking fees, and bancassurance/takaful distribution commissions. CIMB Islamic has held the position of largest Global Sukuk arranger among ASEAN-based banks for 16 consecutive years, largest Malaysian Ringgit Sukuk arranger for 11+ years, and largest ESG Sukuk arranger across Malaysia, Indonesia, Singapore and Thailand since 2015; in 2026 it was named Islamic Bank of the Year - Asia by The Banker. The bank operates under Bank Negara Malaysia's Value-Based Intermediation framework and Islamic Financial Services Act 2013, and is part of the UNEP FI Principles for Responsible Banking and PCAF coalitions supporting its Net Zero by 2050 commitment.

Name

CIMB Islamic Bank Berhad

Legal name

CIMB Islamic Bank Berhad

Website

https://cimbislamic.com

Company type

Private

Founded year

2004

Operating status

Operating

Short description

CIMB Islamic Bank Berhad is the Islamic banking arm of CIMB Group, providing Shariah-compliant retail, SME and wholesale banking products to over 13 million customers across seven ASEAN countries through 800+ branches and digital platforms including CIMB OCTO. It is the largest Global Sukuk arranger among ASEAN-based banks for 16 consecutive years.

Ownership category

akta.pro rank

Product category

Islamic Banking

NAICS

Commercial Banking (522110), Depository Credit Intermediation (5221), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Finance Services (6199), National Commercial Banks (6021), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Islamic Corporate Banking (FSABAGAC)

akta.pro secondary industries

Islamic Investment Banking & Capital Markets Services (FSABAGAG), Islamic SME & Commercial Banking (FSABAGAB), Sukuk Origination & Structuring (Bank-led) (FSABAGAL), Islamic Trade Finance & Supply Chain (Shariah-compliant) (FSABAGAE), Islamic Retail Banking (FSABAGAA), Islamic Deposit & Account Products (Current/Savings/Investment Accounts) (FSABAGAI), Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH)

Keywords

• Islamic banking services
• Shariah-compliant financing
• Sukuk arrangement
• SME working capital
• Wholesale banking services

Headquarters

HQ city

Kuala Lumpur

HQ country

Malaysia

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Islamic Financing Income: Revenue generated from Shariah-compliant financing products including Murabahah, Musyarakah, Mudharabah, and other Islamic financing structures for retail, SME, and corporate customers.
2. Investment Account Returns: Returns generated from unrestricted investment accounts (DURIAN-i) and other investment products that comply with Shariah principles.
3. Wealth Management and Advisory Fees: Fees from Islamic wealth management services, investment advisory, and financial planning for high net worth individuals and retail customers.
4. Capital Markets and Sukuk Arrangement: Revenue from arranging and structuring sukuk (Islamic bonds), equity capital markets, and debt capital markets transactions. CIMB Islamic is the largest Global Sukuk arranger among ASEAN-based banks for 16 consecutive years.
5. Trade Finance and Transaction Banking: Fees from trade finance, cash management, supply chain financing, and transaction banking services across retail and corporate segments.
6. Bancassurance and Takaful Distribution: Commission revenue from distribution of Islamic insurance (takaful) and protection products through the bank's branch network and digital channels.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels7 records

Core offering

CIMB Islamic Bank Berhad is the Islamic banking subsidiary of CIMB Group Holdings Berhad, offering a comprehensive suite of Shariah-compliant banking products and services across retail, commercial, wholesale and investment banking. It provides Islamic financing (Murabahah, Musyarakah, Mudharabah), investment accounts, wealth management, sukuk arrangement, trade finance, cash management and supply-chain financing through physical branches and digital platforms including CIMB OCTO App, CIMB OCTO Biz, CIMB Clicks and BizChannel@CIMB. The bank serves over 13 million customers across ASEAN markets and is the largest Global Sukuk arranger among ASEAN-based banks for 16 consecutive years.

Product overview

CIMB Islamic Bank Berhad is an Islamic universal bank offering a comprehensive suite of Shariah-compliant consumer and wholesale banking products and services. The product portfolio spans digital banking platforms (CIMB OCTO App, CIMB OCTO Biz, CIMB Clicks, BizChannel@CIMB), Islamic wealth management, SME financing (FlexiCash-i, Sustainability Linked Financing), retail deposits (DURIAN-i, EcoSave Savings Account-i), automotive financing (First Car Solution), and sustainability services (GreenBizReady with GHG Advisory Service). The bank operates through Group Commercial Banking, Group Wholesale Banking, and Group Transaction Banking divisions, serving retail customers, SMEs, and large corporations across ASEAN.

Differentiator

Problem solved

Functional benefit

Brands

• DURIAN-i: Daily Unrestricted Investment Account-i, a market-first retail investment account featuring sustainability-linked underlying investments.
• EcoSave-i
• FlexiCash-i

Products and services

• CIMB OCTO App Mobile banking application for retail customers enabling personalised financial management, smart tools, secure authentication, and seamless Shariah-compliant payments within a single app.
• CIMB OCTO Biz Business mobile banking application providing first-in-market Pay-As-You-Earn financing model with FlexiCash/FlexiCash-i, allowing SME repayments to adjust to daily income cycles.
• FlexiCash-i Market-first flexible working capital financing solution featuring a pay-as-you-earn repayment structure enabling SMEs to align repayments with cash flow cycles.
• DURIAN-i (Daily Unrestricted Investment Account-i) Market-first retail investment account featuring sustainability-linked underlying investments that rewards customers for saving sustainably.
• EcoSave Savings Account-i Malaysia's only sustainability-linked Islamic savings account channeling up to 0.2% of average portfolio balance annually to fund environmental initiatives such as conservation and biodiversity protection.
• First Car Solution Comprehensive automotive financing solution for first-time car owners aged 18-30 including complimentary two-year road tax renewal, competitive financing rates, insurance/Takaful protection, Purchase Price GAP insurance, and CIMB credit card benefits with petrol cashback.
• GHG Advisory Service GreenBizReady advisory service helping SMEs and mid-tier companies with decarbonisation journey, providing sector-specific guidance and tools to measure and manage carbon footprint aligned with Malaysia's National Sustainability Reporting Framework.
• GreenBizReady Multiple award-winning sustainability proposition integrating advisory support, decarbonisation solutions and financing incentives for SMEs and mid-tier companies.
• Sustainability Linked Financing (SLF) Flexible Islamic financing where the cost of financing is linked to a company's sustainability performance, with rebates of up to 0.50% per annum for customers achieving pre-determined GHG emission reduction targets.
• Group Commercial Banking Comprehensive Shariah-compliant financial solutions for sole proprietorships, mid-corporates and SMEs including credit facilities, cash management, treasury and structured products delivered through multiple channels.
• Group Wholesale Banking Tailored Islamic solutions for large local corporations, multinationals, financial institutions and governments including capital market fundraising, corporate advisory, M&A financing, project financing, structured trade and cash management.
• Group Transaction Banking Shariah-compliant transaction services covering cash management, trade finance, supply-chain financing, online banking and securities services across the region.
• Islamic Wealth Management Islamic wealth and spiritual wellbeing solutions for protecting loved ones in life and afterlife, including investment and wealth planning offerings.
• CIMB Halal Corridor Enhanced trade network linking halal businesses in ASEAN and across the globe, leveraging an ecosystem of partners from certification to supply, logistics and fulfilment.
• CIMB Preferred Priority banking service offering personalised choices and exclusive privileges including dedicated Relationship Manager, cross-border financial solutions and premium lifestyle privileges across ASEAN.
• CIMB Private Banking Wealth management arm for high net worth individuals with regional presence in Malaysia, Singapore and Indonesia offering full suite of Shariah-compliant wealth management solutions.
• CIMB Clicks Internet banking service providing 24/7 access to account management, payments, collections and account statements across Malaysia, Singapore and Indonesia.
• BizChannel@CIMB Corporate internet banking platform for business customers to manage corporate banking needs including payments, collections and treasury services across Malaysia, Singapore, Indonesia and Thailand.

Quantifiable outcome

• Largest Global Sukuk arranger among ASEAN-based banks for 16 consecutive years
• +8 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

AI capability7 records

Feature8 records

Partnerships

20 partnerships are on record, tiered core and general.

• WWF-MalaysiacoreStrategic or Co-development PartnerEcoSave-i conservation partnership supporting Ulu Kalumpang Forest Reserve Habitat Restoration Programme (planting 47,000 seedlings to restore 35 hectares) and Ulu Muda Forest Complex Conservation Programme addressing Human-Elephant Conflict with indigenous community involvement.
• Amanah Warisan Negara & Free Tree SocietycoreStrategic or Co-development PartnerEcoSave-i: Taman Tugu Nature Education Programme offering experiential learning through environmental talks, jungle walks, gardening workshops while reintroducing indigenous rainforest species at Taman Tugu and propagating native plants for urban parks.
• Forest House & Universiti Pendidikan Sultan Idris (UPSI)coreStrategic or Co-development PartnerEcoSave-i: UPSI Edu-Forest Conservation Programme improving forest ecosystem health while supporting Edu-Forest's role in education, recreation and research with UPSI students and lecturers.
• Forest House & Malaysian Nature SocietycoreStrategic or Co-development PartnerEcoSave-i: Rantaian Urban Green Space (RUGS) Programme creating sustainable urban green spaces supporting environmental conservation, community well-being and indigenous community income opportunities.
• Your Idea Maker & Malaysia Forest FundcoreStrategic or Co-development PartnerEcoSave-i: Penjaga Gunung Project empowering Orang Asli youth from Kampung Orang Asli Pertak and Kampung Ulu Batu to lead forest conservation efforts in Hutan Warisan Diraja Selangor.
• Penang Institute & The Habitat FoundationcoreStrategic or Co-development PartnerEcoSave-i: The Habitat Penang Programme advancing biodiversity protection and sustainable practices in Penang Hill Biosphere Reserve through education, coexistence solutions, waste management and community engagement.
• Reef Check MalaysiacoreStrategic or Co-development PartnerEcoSave-i: Community-Led Coral Rehabilitation Programme restoring damaged coral reefs at Redang, Tioman and Mersing islands using effective ecological rehabilitation methods.
• Touch 'n Go (TNG) eWalletcoreChannel Partner/ Reseller/ DistributorTouch 'n Go eWallet partnership delivering comprehensive range of accessible financial services supporting inclusive growth across all customer segments. TNG Digital was named Best E-Wallet in Malaysia by Alpha Southeast Asia.
• United Nations Environment Programme Finance Initiative (UNEP FI)coreStrategic or Co-development PartnerFounding Signatory of Principles for Responsible Banking, committing to strategically align business with UN Sustainable Development Goals and Paris Agreement on Climate Change. Part of coalition of 567+ members worldwide.
• Partnership for Carbon Accounting Financials (PCAF)coreStrategic or Co-development PartnerPCAF methodology used to estimate financed emissions supporting CIMB's Net Zero by 2050 commitment. Recommended calculation approach under International Financial Reporting Standard (IFRS) S2.
• United Nations Global CompactcoreStrategic or Co-development PartnerMember of UN Global Compact Network Malaysia & Brunei, voluntary initiative encouraging businesses to adopt sustainable and socially responsible policies based on 10 principles covering human rights, labour, environment and anti-corruption.
• CEO Action Network (CAN)coreStrategic or Co-development PartnerCo-founded with IMPACTO in 2020, creating peer-to-peer network of CEOs and board members committed to driving sustainable action in corporate Malaysia. Over 70 members from 20+ critical sectors.
• Joint Committee on Climate Change (JC3)coreStrategic or Co-development PartnerCo-chaired by Bank Negara Malaysia and Securities Commission Malaysia, working to mobilise collective action in Malaysia's financial sector to promote climate resilience. Inputs shape sustainability policies and regulations.
• Bank Negara Malaysia (BNM)coreStrategic or Co-development PartnerCIMB is strong advocate of Bank Negara Malaysia's Value-Based Intermediation (VBI) framework, aiming to deliver intended outcomes of Shariah through practices generating positive sustainable value for economy, community and environment.
• VISA International Services AssociationgeneralChannel Partner/ Reseller/ DistributorFinancial institution partners for credit card, debit card, e-wallet issuance and payment services including card scheme operators.
• MasterCard International IncorporatedgeneralChannel Partner/ Reseller/ DistributorFinancial institution partners for credit card, debit card, e-wallet issuance and payment services including card scheme operators.
• AlipaygeneralChannel Partner/ Reseller/ DistributorFinancial institution partners for credit card, debit card, e-wallet issuance and payment services including e-wallet operators.
• Firebase and Analytics Service ProvidersgeneralTechnology or IntegrationApplication programming interfaces and analytics tools provided by trusted technology service providers for app performance monitoring, security detection and personalised content delivery.
• GreenBizReady™ AssociatescoreImplementation/ SI/ Consulting PartnerGreenBizReady™ ecosystem partners providing decarbonisation solutions including energy-efficiency solutions, operational optimisation, solar power and battery installations, and circular economy practices for SME clients.
• CIMB FoundationcoreStrategic or Co-development PartnerEstablished in November 2007 with RM100 million endowment to drive CIMB's corporate social responsibility and philanthropic efforts in Malaysia. Works with partners to provide grants and implement long-term programmes addressing community, socio-economic and environmental issues.

Scale indicators32 records

Recent moves6 records

Expansion highlights6 records

Market position

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/cimb

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CIMB Islamic Bank Berhad