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CIMB injects RM2.22m into local economies

CIMB Islamic Bank Berhad and CIMB Foundation have committed over RM2.22m to their annual Harapan Ramadan programme, aiming to empower more than 45,000 beneficiaries from underserved communities across Malaysia. This year’s initiative focuses on integrating small business owners into the programme’s value chain, enhancing local economic participation.

The programme involves collaboration with 100 neighbourhood general stores to supply food box items, thereby supporting small businesses and reinforcing local supply chains. Additionally, CIMB is providing a RM1,000 seed fund to 50 asnaf micro-entrepreneurs, including alumni from its entrepreneurship programmes, to help them establish sustainable businesses during Ramadan.

The launch event, attended by key figures such as Senator Dr. Zulkifli Hasan and Ahmad Shahriman Mohd Shariff, saw the distribution of food boxes to 150 beneficiaries from various Malaysian agencies. The programme, funded through corporate donations and Zakat Wakalah funds, aims to deliver long-term socio-economic impact.

CIMB’s efforts extend beyond Malaysia, with additional Ramadan initiatives in Indonesia and Singapore. These include iftar distributions and aid to orphanages and low-income families, highlighting the bank’s commitment to diversity and community support.

Ahmad Shahriman, CEO of CIMB Islamic and CIMB Foundation, stated, “Harapan Ramadan reflects our commitment to uplifting communities in a meaningful and sustainable way.” Since its inception in 2022, the programme has channelled over RM8.7m, benefiting over 174,500 recipients and engaging more than 1,300 CIMB employees in volunteer activities.

This story was selected and published by a human editor, with content adapted from original press material using AI tools. Spot an error? Report it here.

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