NEWS in BRIEF
IsDB Board of Directors Approve US$558m of New Financing for Sustainable Development and Infrastructure Projects in Bangladesh, Pakistan, Indonesia, Burkino Faso and Gambia Jeddah – The Board of Executive Directors…
Saudi NDMC Domestic Sovereign Sukuk Issuance Momentum Continues with Closure of SAR2,471m (US$658.9m) Sukuk in April 2023, Amid Strong Economic Fundamentals and Prospects of Additional Sukuk Offerings in 2023
The National Debt Management Centre (NDMC) of the Saudi Ministry of Finance (MoF) successfully closed its fourth consecutive monthly domestic sovereign Sukuk issuance on 11th April 2023 raising an aggregate…
Public Investment Fund’s HPDC and IsDB Target Projected US$4.6 trillion Global Halal Market Through Joint Projects and Investments in the Kingdom and OIC Member States
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), continues to consolidate its investment involvement with the local and global Halal economy since the launching of the Halal Products…
Malaysian ICM Continues its Resilience and Dominance with a Stable 65% Market Share in 2022 on the Back of Strong Market Capitalisation and Sukuk Outstanding
The Malaysian Islamic Capital Market (ICM) continued its resilience and dominance of the overall domestic capital market in 2022 despite the ongoing economic and fiscal impact of the COVID-19 pandemic,…
New Malaysian Premier/Finance Minister Anwar Ibrahim Prioritises SRI Sukuk Through 5-Year Tax Incentives in 2023 Budget to Boost Sustainability Agenda
The New Malaysian Prime Minister, Dato' Seri Anwar bin Ibrahim, has lost no time in consolidating his policy of a greater but better coordinated Islamic finance engagement with the Malaysian…
Saudi NDMC Returns to International Sukuk Market with Dual Tranche US$6bn Sukuk Offering which was Oversubscribed 4.5 Times with More Issuances in the Offing
Saudi Arabia returned to the international Sukuk market with a two-tranche Sukuk issuance in mid-May 2023, despite a more-or-less balanced budget, rising oil revenues and pre-funding activities that have been…
Strategic Partnership Agreement between Cambridge IFA and DDCAP Group™ renewed
18th May 2023 - London: Professor Humayon Dar, Executive Chairman of Cambridge IFA and Director General of Cambridge Institute of Islamic Finance, has announced that for another consecutive year, Cambridge IFA…
Kuala Lumpur, Malaysia – DDCAP Group™ receives award for IFN Best Interbroker for Islamic Transactions
17th May 2023 - Kuala Lumpur: DDCAP Group™ was honoured to receive the award for Best Interbroker for Islamic Transactions in the IFN 2022 Service Provider Awards.On receiving this award at the…
Dubai, United Arab Emirates – DDCAP Group™ awarded “Best Islamic FinTech Solutions Implementation” at the MEA Finance Banking Technology Summit 2023
11th May 2023 - Dubai: Mr. Husain Alkhaja was honoured to receive the "Best Islamic FinTech Solutions Implementation" award on behalf of DDCAP Group™ for ETHOS AFP™. Our team is proud to have…