Muzaffar (right) receiving the awards from founder of Global Finance Magazine Joseph D Giarraputo.

KUALA LUMPUR: Maybank Islamic Bhd has won three awards at the Global Finance Awards 2014 held in Washington D.C last Saturday.

Asean's largest Islamic Bank in terms of asset, was named the best Islamic Financial Institution in Asia, and it also got the recognition in the country awards for Malaysia and Singapore.

Maybank Islamic chief executive officer and head of Maybank Group Islamic Banking Muzaffar Hisham described the accolades as an honour for the bank.

"We are honoured to have been globally recognised as the Best Islamic Financial Institution of the year for not just in Malaysia, but also in Singapore and in Asia.

"Winning the award is a testimony of our commitment and capability to effectively leverage on our position as the leading Islamic bank in Asean as we deliver value to our corporates and communities across the region and beyond,” he said in a statement.

The awards presentation took place at the Washingto D.C's National Press Club, held during the annual International Monetary Fund (IMF)/World Bank meeting.

According to the statement, this is the second time Maybank Islamic has won this award by Global Finance, the official media partner of the IMF/World bank 2014 annual meetings seminars.

Global Finance said outside its core Malaysian market, Maybank Islamic boasts operations in Singapore and Indonesia and is applauded for its Shariah governance and risk management framework.

With US$42 billion in total assets, Maybank Islamic leads peer rankings of Islamic banks, according to RAM Ratings.