The DDCAP Group was delighted to receive the award of “Best Shari’a Compliant Commodity Facilitation Platform 2016” at the Global Islamic Finance Award (GIFA) Dinner 2016 held in Jakarta, Indonesia.
DDCAP’s Sharia compliant commodity facilitation platform, ETHOS AFP™, is a secure, bespoke, web-based, real-time trade and post-trade services platform providing 24 hour coverage enabling investors to purchase from a diverse asset inventory whilst adhering to best practice environmental, social and governance (ESG) principles.
The GIFA award organised by Edbiz Consulting was hosted in association with the Financial Services Authority of Indonesia (OJK) at the Fairmont Hotel, Jakarta Indonesia. Dignitaries at the award included The President of Indonesia, Joko Widodo, who was honoured with the award of the 6th GIFA Laureate 2016 for his role in advocating Islamic banking and finance in Indonesia and harmonising laws and regulations to remove institutional bottlenecks.
Other dignitaries included Emir Muhammadu Sanusi II of Kano, Nigeria who presented the award to President Widodo; Dr. Adnan Chilwan CEO Dubai Islamic Bank who received the Market Leadership Award; Raja Teh, CEO of Hong Leong Islamic Bank who received Personality of the Year award. Other award recipients included Kuwait Finance House, Al Baraka Islamic Bank Bahrain, Mitsubishi UFG Bank Dubai, Deloitte & Touche Middle East, Moody’s Dubai, Islamic Research & Training Institute (a member of the IDB Group), the Islamic Corporation for the Development of the Private Sector (ICD), the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), Bank Maumalat, Rakyat, Bank Islam and BNI.
DDCAP Group Managing Director, Stella Cox CBE, commented that the “DDCAP Group is delighted to receive this very prestigious award for Best Shari’a Compliant Commodity Facilitation Platform 2016. We place great value on this recognition of our business and our ongoing commitment to developing an innovative, electronic platform to enhance the transactional services that we offer to our clients. Since the initial concept was endorsed by our own esteemed Shari’a Supervisory Board (“SSB”) we have been grateful for the positive feedback of our clients and the support and guidance of their own SSB’s throughout our development trajectory. In combination, these factors have driven the strong uptake of the AFP, enabling our clients to transact with us on a 24 hour real time basis. We continue to invest in our platform for the purpose of further opportunities that have been identified and which we hope to announce in the coming months”.