Managing Director and Chief Executive Officer of Bank Islam Brunei Darussalam (BIBD) Mubashar Khokhar, has recently been awarded as ‘CEO of the Year’ by, CEO Monthly, a renowned international business magazine.

This latest accolade for BIBD comes on the back of it being conferred with the highly coveted ‘Bank of the Year’ award by The Banker.

Recipients of the award this year was handpicked by CEO Monthly based on the comprehensive analysis and extensive research undertaken by its in-house research team – which assessed all information gathered from various publicly accessible sources, alongside materials supplied by a nominating party of the nominee themselves.

Winners were chosen based on various criteria such as business performance whilst the CEO has been in the position, any dramatic or positive change within the business since the CEO took the helm, feedback from any stakeholders, and new innovations within the timeframe of the assessment.

The Managing Director and CEO said that it is an honour and privilege to accept the award for the entire BIBD workforce.

Managing Director and Chief Executive Officer of Bank Islam Brunei Darussalam (BIBD) Mubashar Khokhar. Image courtesy of BIBD

“We would not have been able to achieve this wonderful recognition without the guidance of our esteemed Board, the support of our regulator and most importantly, the trust and loyalty of our customers,” he said.

He remarked that this year was particularly challenging due to the unprecedented outbreak of COVID-19.

“In my career, which spans close to four decades, I have led and manoeuvred banks through several economic downturns, deep recessions and the 2008 financial crisis,” he said in a statement,

He added: “However, there is no denying that COVID-19 has been one of the biggest challenges across all industries of recent times – a once in a lifetime pandemic, as it’s being called.”

Mubashar further noted that in the face of these challenges, he was heartened to witness that the bank’s values, ethos and commitment never wavered.

“Through everything that we did to navigate the crisis, the safety and well-being of our staff and of our customers was our number one priority,” he continued.

BIBD will continue breaking new grounds in its bid to become the region’s best in the area of Islamic finance.

Image: Ridhwan Kamarulzaman

With S&P Global reaffirming BIBD’s rating at A- in the middle of the challenging global economy, this has further motivated the bank and its group of subsidiaries to deliver on its aspirations and forge ahead in the local and international arena.

This in line with Brunei’s national agenda of establishing itself as an Islamic financial hub and also supports the country’s vision of becoming a dynamic and developed economy by 2035, said BIBD.

“Our mission, to become the Best Islamic Bank in Asia-Pacific, while ambitious, is achievable and we believe that we are well-poised to achieve this mission by 2022,” concluded the CEO.

CEO Monthly is part of AI Global Media, an internationally focused business-to-business (B2B) digital publishing group founded in 2010.

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This article was first published on December 12, 2020 in our Weekly E-Paper issue 119



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