Agrobank President/CEO Named “CEO Of The Year 2016” By Global Islamic Forum Awards (GIFA) 2016
JAKARTA – Agrobank’s President/CEO Dato’ Wan Mohd Fadzmi Wan Othman was named as the ‘CEO of the Year’ award by Global Islamic Forum Awards (GIFA). The event was attended and witnessed by President of Indonesia, Joko Widodo with more than 450 guests.
The CEO of the Year Award honours a leader who has made a difference to his/her respective organisation and championed the development of the Islamic finance industry.
According to Dr. Humayon Dar, Chairman of the GIFA 2016, the Awards Committee was particularly impressed with the leadership of Dato’ Wan Mohd Fadzmi in transforming Agrobank into a full-fledged modern Islamic bank. “The CEO of the Year award honours a leader who has made a difference to his/her respective institution as well as champion the development of the Islamic finance industry. Every year, GIFA acknowledges the winner of this category who has demonstrated the ability to deliver a clear and strategic vision, readiness to make the necessary decisions to help his/her organisations to grow sustainably and an unquestionable integrity of character recognised by colleagues and peers,” explained Professor Dar.
“Since taking over as the CEO in 2011, Dato’ Wan Mohd Fadzmi has the driving force of Agrobank’s transformation particularly in strengthening the Bank’s foundation and focuses on core businesses and its clear mandate to build and grow the agriculture sector. He also has made a bold announcement on the Bank’s strong commitment to be a full-fledged shariah compliant bank within three years. On 1st July 2015, Dato’ Wan Mohd Fadzmi has successfully led the transformation of Agrobank to be a full-fledged Islamic bank,” said Prof Dar further.
He said that the committee is also impressed that under the strong leadership of Dato’ Wan Mohd Fadzmi, the bank has made significant milestones; among others are revamping processes and procedures for better efficiency, reducing The Non-Performing Finance (NPL) rate to single digit, developing more innovative products and financing relevant for agriculture community and making outstanding contribution in financial inclusion and initiatives undertaken to broaden access to finance.
Professor Dar also highlighted that under his leadership, Agrobank is on pace to have another exceptional year by surpassing the 8 billion financing by first half of the year and expected to achieve 10%-12% growth rate by end of the year despite global economic slowdown.
Commenting on the Awards, Dato’ Wan Mohd Fadzmi said that “I am deeply honoured to receive this prestigious award. This is recognition for Agrobank and all the employees who worked very hard for the transition of Agrobank to be a full-fledged Islamic bank. The journey for the transformation was gruelling, involving major and significant change in mind set, processes and redoing all documentations. However, the team at Agrobank truly believes that agriculture, by nature, is a good fit with Islamic finance. So we persevered and worked hard towards realising the conversion. It adds the confidence of our customers and also investors on the halal status of a product as it is backed up by Shariah-compliant business transactions.
We are also grateful for the strong supports given by Bank Negara Malaysia, Ministry of Finance, Ministry of Agriculture and Agro-based Industry, our board members and stakeholders in realising our ambitious plans”, Dato’ Wan Mohd Fadzmi further added.
At the award presentation ceremony, Agrobank also receives another award for Best Case Study. The bank’s Chairman, Tan Sri Mohamad Zabidi Zainal received the award on behalf of the bank.
More than 450 guests from all parts of the world attended the prestigious GIFA ceremony. This is the first time that the GIFA awards were held in Jakarta. Last year, Bahrain was the host of GIFA ceremony.
GIFA, organised by London-based Edbiz Consulting since 2011, honours banks, financial institutions, consultancies, rating agencies, insurance brokers and technology companies for their contributions and positive influence to the global Islamic banking and finance industry.
About GIFA Awards
Global Islamic Finance Awards (GIFA) is the first of their kind of awards in Islamic banking and finance. GIFA is based on an objective proprietary methodology- developed and operated by Edbiz Consulting- these awards recognize and celebrate success and contributions of individuals and institutions in the Islamic financial services Industry.
The objective of the Global Islamic Finance Awards (GIFA) is to highlight the best practices in Islamic banking and finance and celebrate the success of institutions and individuals, with an
ultimate objective of promoting social responsibility, Shariah authenticity and commitment to Islamic banking and finance.
The inaugural ceremony was held on 17th December, 2011 at the Oman Islamic Economic Forum (OIEF). Tun Abdullah Badawi, Former Prime Minister of Malaysia attended the awards ceremony. GIFA 2012 was held on the 19th November, 2012, in Kuala Lumpur and was attended by Raja Dr Nazrin Shah, Crown Prince of State of Perak, Malaysia. GIFA 2013 will be organised on the 26th of November in conjunction with 5th World Islamic Retail Banking Conference (WIRBC) in Dubai.
These prestigious awards provide ample opportunities to everyone to compete by excelling in their respective fields and promoting themselves through media and other means of communication