iBank: Value-Based Intermediary for Global Islamic Finance

MGR Online•Economy•9d ago

Reader Briefing

iBank outlines its strategic roadmap to become a Value-Based Intermediary, aiming to elevate Thailand's Islamic banking sector on the global financial stage.

•iBank has set a strategic goal to transform into a Value-Based Intermediary (VBI) by 2026.
•The bank reported significant financial performance in 2025, with profits exceeding 841 million THB and loan growth above the system average.
•iBank achieved an international ranking of 69th out of the world's top 100 Islamic banks by The Asian Banker for 2025.
•The strategy for 2026 focuses on sustainable growth through quality, discipline, and value creation, including expanding digital platforms and international partnerships.

Overview

•In 2025, iBank achieved operational profits of 841 million THB, a 16% increase from 2024, and a net profit of 491 million THB, a 2% increase.
•In 2025, iBank's net loan growth was 11%, with a net increase of 6,259 million THB, exceeding the system average.
•In 2025, iBank served 1.22 million customers, with over 80,000 new customers, and achieved 59% growth in Hajj and Umrah deposits, totaling over 3,400 million THB.
•iBank announced its strategy to elevate its role to a Value-Based Intermediary (VBI) under the concept “Belief + Trust + Future • Writing Our Future Together –เชื่อถือ เชื่อมั่น ยั่งยืน” for 2026.
•iBank is establishing a Center of Excellence in Islamic Finance to promote public Sharia governance knowledge and develop Sharia-compliant financial products.
•For 2026, iBank will focus on enhancing credit quality via NPF Management, maintaining cautious net loan growth, increasing low-cost deposits (CASA), and expanding digital transactions.
•iBank is prioritizing customer base expansion in strategic areas, implementing the “Southern Sandbox” model in the southern border provinces, and enhancing international partnerships, such as with Al Rajhi Bank.
•For 2026, iBank aims to provide direct Saudi Riyal (SAR) remittances to Saudi Arabia through expanded international cooperation.

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Key Quotes

Dr. Thaweelap Rittapirom

"2025 was a year where the banking sector faced pressure from a fragile economy and various uncertainties. However, iBank was able to achieve operational results reflecting financial strength and discipline."

ปี 2025 เป็นปีที่ภาคการธนาคารเผชิญแรงกดดันจากภาวะเศรษฐกิจที่ยังเปราะบางและความไม่แน่นอนหลายด้าน อย่างไรก็ตาม ไอแบงก์สามารถสร้างผลการดำเนินงานที่สะท้อนถึงความแข็งแกร่งและวินัยทางการเงิน

iBank

"Moving forward with readiness, with confidence in Sharia principles, alongside the appropriate use of innovation and digital solutions."

มุ่งก้าวไปข้างหน้าอย่างมีความพร้อม ด้วยความเชื่อมั่นในหลักการที่ถูกต้องตามหลักชะรีอะฮ์ ควบคู่กับการใช้นวัตกรรมและดิจิทัลโซลูชั่นอย่างเหมาะสม

Key Entities

Organization

iBank(ไอแบงก์)ℹ️

Thailand's Islamic bank focused on advancing towards a Value-Based Intermediary model.

Islamic Bank of Thailand(ธนาคารอิสลามแห่งประเทศไทย)ℹ️

The official name of iBank, emphasizing its role as Thailand's Islamic banking institution.

The Asian Banker

A financial publication that ranked iBank among the world's largest Islamic banks.

Center of Excellence in Islamic Finance

A center established by iBank to foster knowledge in Sharia-compliant finance and develop related products.

Al Rajhi Bankℹ️

A major global Islamic bank that iBank is partnering with to facilitate international trade and investment.

Person

Dr. Thaweelap Rittapirom(ดร.ทวีลาภ ฤทธาภิรมย์)

Director and Manager of the Islamic Bank of Thailand, who provided insights into the bank's 2025 performance and future strategy.

Policy

Value-Based Intermediary

A strategic concept adopted by iBank, emphasizing financial institutions that create shared value for clients, communities, and the economy beyond profit.

Place

GCCℹ️

Gulf Cooperation Council countries, with which iBank aims to enhance international financial connections.

Law

Southern Sandbox

A model developed by iBank for expanding its customer base and services in the five southern border provinces of Thailand.