gif Islamic Finance
Badlisyah Abdul Ghani Job Role: Executive Director and Chief Ex- ecutive Officer, CIMB Islamic Country: Malaysia
Badlisyah Abdul Ghani, is the Head of Group Islam-
ic Banking Division. He is Executive Director and Chief Executive Officer of CIMB Islamic Bank Ber- had, Chairman of CAPASIA Islamic Infrastructure Fund (General Partner) Limited, Director of CIMB Middle East BSC(C)(Bahrain), Alternate Director to the Chairman of CIMB Principal Islamic Asset Management Berhad, Alternate Director of CIMB Principal Asset Management Berhad and CIMB Wealth Advisors Berhad and member of the In- vestment Committee of CIMB Principal Asset Man- agement Berhad. He is also CIMB Group’s Country Head for Middle East and Brunei. Badlisyah man- ages and oversees the overall global Islamic bank- ing and finance franchise of CIMB Group known as CIMB Islamic. His areas of responsibilities cut
across all legal entities within the Group as CIMB Islamic operates as a parallel franchise leveraging on the Groups’ infrastructure and network both lo- cally and globally.
He is also Chairman of the Islamic Capital Market Committee of the Malaysian Investment Banking Association, member of the Working Group on Is- lamic Accounting Standards of the Malaysian Ac- counting Standards Board, member of the Islamic Finance Committee of the Malaysia Institute of Accountant and member of the Law Harmonisa- tion Committee of Bank Negara Malaysia. He was a past Board Member of the International Islamic Financial Market (IIFM), Bahrain.
with Badlisyah Abdul Ghani 60
What impact and changes have you made to the Islamic finance industry?
Since joining the Islamic banking and finance industry 15 years ago, one of the biggest impacts that I have made to the industry is my contribution to the enhancement of the international capital market when I helped introduce and develop the Sukuk market in the early 2000s.
I was blessed with the opportunity to lead and undertake the world’s first-ever interna- tional or global corporate Sukuk issuance for Kumpulan Guthrie Berhad using a structure called Sukuk al Ijarah that I helped put to- gether with another gentleman, Shamsun A. Hussain.
The Sukuk structure used and developed for Kumpulan Guthrie was subsequently used for the world’s first sovereign Sukuk issuance by the Malaysian Government and the GCC’s first sovereign Sukuk issuance by the Qatari Government. I was also directly involved in both landmark sovereign Sukuk issuances.
Another significant and meaningful contribu- tion that I have made to the industry is the set up and establishment of CIMB Islamic, the global Islamic banking and finance fran- chise of CIMB Group. Since starting it in 2002, CIMB Islamic has grown to become the largest Islamic bank in the world by branch network, the largest Islamic invest-
24 Global Islamic Finance April 2012
seconds interview…
ment bank in the world and the most profita- ble Islamic financial institution in Southeast Asia.
Its establishment singularly moved the in- dustry’s growth momentum in Malaysia as it transformed Sukuk as the dominant fund raising structure in the Malaysian debt capi- tal market since 2002. CIMB Islamic also reignited the Islamic asset growth in the Malaysian and ASEAN banking sector as it became the fastest growing Islamic bank in the world (in terms of assets) between 2005 and 2010.
Throughout my involvement in CIMB Islamic as CEO, we have been successful in build- ing a more robust and dynamic Islamic con- sumer banking business through a plethora
of new retail product offerings that never existed in the market anywhere in the world before, including the first retail commodity Murabaha deposit product. This has woken many other Islamic institutions to the full po- tential of Islamic finance and driven them to be more active in the market.
Through CIMB Islamic, I have directly contrib- uted to the broadening and deepening of the world’s largest Sukuk market in Malaysia by introducing and developing various new and world’s first Sukuk structures such as Sukuk al Istisna, Musyarakah Sukuk, Islamic As- set Backed Securities, Exchangeable Sukuk and many more. I also helped open many new jurisdictions for Sukuk issuances such as Singapore, Hong Kong and China by un- dertaking maiden Sukuk issuances in those
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88