Latest news with #AdissadikinAli


The Star
3 days ago
- Business
- The Star
RHB Islamic completes sustainable sale and buy back agreement with HSBC Amanah and Standard Chartered Saadiq
RHB Islamic Bank managing director Datuk Adissadikin Ali KUALA LUMPUR: HSBC Amanah Malaysia Bhd and Standard Chartered Saadiq Malaysia have executed a sustainable sale and buy back agreement (SBBA) transaction for RHB Islamic Bank Bhd under an enhanced Shariah-compliant framework. In a statement, RHB Islamic said this deal, which is a first in the country, represents a significant achievement in Islamic sustainable finance innovation. An SBBA is an Islamic financial instrument used to source and provide funding for liquidity management in the Islamic Interbank Money Market (IIMM) akin to a repurchase agreement (repo) in the conventional money market. The sustainable SBBA integrates positive impact to traditional financial instruments, demonstrating a strong commitment by businesses to sustainability goals. The proceeds from this financing facility will be earmarked for eligible shariah compliant sustainable assets such as green buildings, renewable energy and energy efficiency projects. This financing mechanism can also be utilised for other types of eligible green and social projects in tandem with RHB's Sustainability Sukuk and Bond Framework. The sustainable SBBA is underpinned by an enhanced Master SBBA framework jointly adopted by RHB Islamic, HSBC Amanah and Standard Chartered Saadiq Malaysia, introducing a standardised approach to incorporating sustainability elements across all eligible SBBA transactions, moving beyond single-use sustainable deals toward a repeatable and scalable model. 'This transaction sets a new benchmark for Islamic sustainable finance, showcasing how Shariah principles can be harmonised with global sustainability standards," said Datuk Adissadikin Ali, managing director of RHB Islamic.


The Star
22-06-2025
- Business
- The Star
Smart debit card rolled out for 74,000 TVET students nationwide
Adissadikin (in white) with vocational students. A multi-purpose smart card has been introduced for the benefit of Technical and Vocational Education and Training (TVET) institution students. The smart card functions both as a student matriculation identity card and debit card. Some 74,000 students across 86 vocational colleges and nine technical schools nationwide will benefit from this initiative by RHB Islamic Bank in collaboration with the Education Ministry. 'As TVET becomes an essential pillar for Malaysia's industries and services, RHB is proud to contribute by creating practical, student-friendly financial solutions that support a sustainable talent pipeline,' said RHB Islamic managing director Datuk Adissadikin Ali in a press statement. The MyTVETKPM nationwide rollout builds on the success of MySiswa, which was introduced in 2022 and reached more than 600,000 students from 20 public universities. Students can open an RHB saving account to allow them to manage funds, perform cashless payments and enjoy exclusive promotions and discounts from participating vendors and RHB business partners. 'This initiative reflects our continued commitment to empowering students and institute of higher learnings through a holistic financial ecosystem. 'The introduction of a multi-purpose smart card is a tool for accessibility and inclusion – one that promotes better financial management, fosters saving habits, and enables smart cashless campuses across the country,' he said.


The Sun
14-06-2025
- Business
- The Sun
RHB Islamic inks 3-year MoU with MIDE organiser to champion marine conservation
KUALA LUMPUR: RHB Islamic Bank Bhd today signed a three-year memorandum of understanding (MoU) with AsiaEvents Exsic Sdn Bhd, the organiser of the Malaysia International Dive Expo (MIDE). The MoU formalises the bank's role as the event's exclusive banking partner until 2027. The signing, held at the Malaysia International Trade and Exhibition Centre (MITEC) during MIDE 2025, marks the bank's continued involvement in marine conservation efforts under its Ocean Harmoni programme. RHB Islamic Bank Bhd managing director and chief executive officer Datuk Adissadikin Ali said the collaboration reflects the bank's long-term focus on supporting environmental sustainability under the environmental, social and governance agenda. 'We're not trying to be everything to everyone, and as a bank with limited resources, we chose to focus on one aspect of the environment – the ocean. 'We are not here to promote diving, but diving allows us to understand and tell the story of what's happening beneath the surface, which is what Ocean Harmoni is about,' he said during his remarks at the event. Launched in 2019, Ocean Harmoni is a value-based intermediation initiative that supports awareness, research and conservation efforts related to Malaysia's marine ecosystem, while also aligning with the United Nations Sustainable Development Goal 14: Life Below Water. As part of its efforts, RHB Islamic Bank has partnered with six local organisations and institutions in 2025, including Universiti Malaysia Terengganu, Universiti Malaya, Universiti Malaysia Sabah, Ocean Ranger, One Heart Environment and University Malaya Medical Centre. During MIDE 2025, the bank also unveiled the Limited Edition RHB Visa Ocean Harmoni Multi-Currency Debit Card-i, aimed at simplifying international transactions for travellers. 'Many travellers face the same issues, such as dealing with leftover coins and finding a place to exchange currency, and this card helps eliminate those pain points by removing the need to carry physical cash while offering access to 34 currencies at competitive rates,' said Adissadikin. In a separate engagement during the event, RHB Islamic Bank hosted two public forums with its Ocean Harmoni partners – one focused on coral conservation titled 'Corals: So What?', and the other on inclusive diving under the Adaptive Scuba Forum. MIDE 2025 is taking place from June 13 to 15 at MITEC, bringing together over 200 exhibitors ranging from dive operators and equipment suppliers to tourism boards and non-governmental organisations.


The Sun
14-06-2025
- Business
- The Sun
RHB Islamic Bank Backs Ocean Conservation at MIDE 2025
KUALA LUMPUR: RHB Islamic Bank Bhd today signed a three-year memorandum of understanding (MoU) with AsiaEvents Exsic Sdn Bhd, the organiser of the Malaysia International Dive Expo (MIDE). The MoU formalises the bank's role as the event's exclusive banking partner until 2027. The signing, held at the Malaysia International Trade and Exhibition Centre (MITEC) during MIDE 2025, marks the bank's continued involvement in marine conservation efforts under its Ocean Harmoni programme. RHB Islamic Bank Bhd managing director and chief executive officer Datuk Adissadikin Ali said the collaboration reflects the bank's long-term focus on supporting environmental sustainability under the environmental, social and governance agenda. 'We're not trying to be everything to everyone, and as a bank with limited resources, we chose to focus on one aspect of the environment – the ocean. 'We are not here to promote diving, but diving allows us to understand and tell the story of what's happening beneath the surface, which is what Ocean Harmoni is about,' he said during his remarks at the event. Launched in 2019, Ocean Harmoni is a value-based intermediation initiative that supports awareness, research and conservation efforts related to Malaysia's marine ecosystem, while also aligning with the United Nations Sustainable Development Goal 14: Life Below Water. As part of its efforts, RHB Islamic Bank has partnered with six local organisations and institutions in 2025, including Universiti Malaysia Terengganu, Universiti Malaya, Universiti Malaysia Sabah, Ocean Ranger, One Heart Environment and University Malaya Medical Centre. During MIDE 2025, the bank also unveiled the Limited Edition RHB Visa Ocean Harmoni Multi-Currency Debit Card-i, aimed at simplifying international transactions for travellers. 'Many travellers face the same issues, such as dealing with leftover coins and finding a place to exchange currency, and this card helps eliminate those pain points by removing the need to carry physical cash while offering access to 34 currencies at competitive rates,' said Adissadikin. In a separate engagement during the event, RHB Islamic Bank hosted two public forums with its Ocean Harmoni partners – one focused on coral conservation titled 'Corals: So What?', and the other on inclusive diving under the Adaptive Scuba Forum. MIDE 2025 is taking place from June 13 to 15 at MITEC, bringing together over 200 exhibitors ranging from dive operators and equipment suppliers to tourism boards and non-governmental organisations.


The Sun
13-06-2025
- Business
- The Sun
RHB Islamic hands over business zakat of RM1 million to MAIPs
KANGAR: RHB Islamic Bank Berhad (RHB Islamic) handed over business zakat of RM1 million to the Perlis Islamic Religious and Malay Customs Council (MAIPs) today. Its managing director, Datuk Adissadikin Ali said the total, the highest the bank has ever handed over, rose by RM350,000 compared to last year's RM650,000, and reflected the bank's commitment to strengthen cooperation with the council to empower the asnaf and B40 community. 'The zakat handover marks our continued support towards programmes that have high impact on domestic happiness,' he said during a speech at the handover here today, which was graced by Raja Muda of Perlis Tuanku Syed Faizuddin Putra Jamalullail, in his capacity of MAIPs president, and with council chief executive officer Mohd Nazim Mohd Noor in attendance. He added that from 2021 till this year, RM532,449 in zakat wakalah has been channelled by the bank to six MAIPs-linked economic empowerment and community programmes, including Harvest Bakery, a sewing and mobile phone repair workshop, which have benefitted almost 200 individuals. 'The projects not only provide skill and practical training but prepares complete facilities to ensure the generation of sustainable income,' he said. He also announced additional contributions of RM313,000 under the 2025 Perlis Asnaf Economic Development Project to finance catfish farming projects at two locations, Jalan Kaki Bukit Paya, Kangar and Taman Desa Asnaf Chuping near Padang Besar.