NEWS in BRIEF

Malaysia’s Mortgage Securitiser Cagamas Raises RM945m in Second Monthly Hybrid Sukuk/Bond Issuance in First Two Months of 2021 to Fund Purchases of Housing and Commercial MortgagesKuala Lumpur – Cagamas Berhad,…

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Saudi NDMC Issues Second Consecutive Monthly Domestic Sukuk with SAR3,160m (US$842.47m) Offering in February as Total for First Two Months 2021 Tops SAR11,216m (US$2,990.23m)

The National Debt Management Centre (NDMC) of the Saudi Ministry of Finance (MoF) continued its consecutive monthly issuances of Riyal-denominated sovereign Sukuk with a two-tranche SAR3,160 million (US$842.47 million) offering…

Continue Reading Saudi NDMC Issues Second Consecutive Monthly Domestic Sukuk with SAR3,160m (US$842.47m) Offering in February as Total for First Two Months 2021 Tops SAR11,216m (US$2,990.23m)

‘Big Three’ Rating Agencies See Noticeable Increase in Islamic Finance Assets and Uptake in Africa in 2021 as South Africa Confirms Intention to Issue Debut Rand Sukuk

“Following a successful issuance in global capital markets in 2014, the National Treasury will issue a domestic rand-denominated Islamic Sukuk in 2021/22 to diversify funding sources and reach new investors,”…

Continue Reading ‘Big Three’ Rating Agencies See Noticeable Increase in Islamic Finance Assets and Uptake in Africa in 2021 as South Africa Confirms Intention to Issue Debut Rand Sukuk

Islamic Financial Institutions Launch Innovative Additional Measures in Mitigating COVID-19 Disruption Including Customer Debt Write-offs and Healthcare-related Investment Notes

Sometimes adversity brings out the best in society. The health, economic and social impact of COVID-19 has been painful for all countries. Governments have responded with rescue packages and with…

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Turkish Treasury Raises US$1.2bn Through Local Sukuk Issuances in February 20321 as Participation Banking Assets Reach 7.1% Market Share

It seems that participation (Islamic) banking in Turkey is getting a second wind in terms of government policy and support which augurs well for the industry in the Middle East,…

Continue Reading Turkish Treasury Raises US$1.2bn Through Local Sukuk Issuances in February 20321 as Participation Banking Assets Reach 7.1% Market Share

Riyad Bank Latest Saudi Banking Major to Boost Tier-II Capital with SAR3bn (US$800m) Sukuk Issuance

Saudi Arabia’s Riyad Bank is the latest Saudi bank to boost its capital through the issuance of Sukuk following on from the Tier 1 US$1.25 billion Mudaraba Sukuk issued in…

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REPORT ANOUNCEMENT – ISLAMIC FINANCE AND THE PRINCIPLES FOR RESPONSIBLE INVESTMENT – 24th March 2021

"DDCAP Group Showcased in Pioneering Global Responsible Investment Report.” UK – 24th March 2021, DDCAP Group has welcomed the launch of a new global report looking at responsible investment. The…

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PRESS RELEASE – Strategic Partnership between Cambridge IFA and DDCAP Group™ Renewed – 17th March 2021

London, March 15, 2021Professor Humayon Dar, Executive Chairman of Cambridge IFA and Director General of Cambridge Institute of Islamic Finance, recently announced that Cambridge IFA and DDCAP GroupTM (DDCAP) will…

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