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 and DDCAP Group™ (DDCAP) would renew their joint partnership with respect to advocacy, support and promotion of Islamic banking and finance not only locally but internationally as well.
DDCAP is a leading provider of asset facilitation services across a diverse range of Sharia’a-compliant products and instruments in both primary and secondary markets, and British firms have been at the forefront of Islamic financial advocacy through cooperation on projects like the Cambridge Islamic Finance Leadership Programme (Cambridge IFLP), Cambridge Global Islamic Finance Report (Cambridge GIFR – flagship publication), ISIRE (the only print magazine in Islamic finance being published from London), and the WOMANi Programme (Most Influential Women in Islamic Business & Finance).
In addition to its main business activities, DDCAP has provided unwavering support for infrastructure building activities, projects and advocacy initiatives in Islamic banking and finance.
For nearly half a decade, Cambridge IFA and DDCAP have helped the Islamic finance industry achieve a number of strategic objectives in women empowerment, leadership development and dissemination of authentic Islamic financial intelligence. The renewal of the partnership agreement will allow the two partners to continue their advocacy roles in the post-COVID-19 world, still reeling from the effects of the pandemic that paralysed the global economy. “Although Cambridge IFLP became a casualty of the pandemic, it is renewed this year with vigour along with our other activities that have not only continued but flourished even during the global crisis,” said Professor Humayon Dar, Executive Chairman of Cambridge IFA.
“We have a number of projects lined up for this year, including the WOMANi Awards to be held in the third quarter of 2022, as well as our bi-monthly magazine on Islamic business and finance, ISFIRE, which has been published as per schedule,” said Khuram Shehzad, Head of Business Development & Project Implementations at Cambridge IFA. Stella Cox, CBE, Managing Director of DDCAP Group, serves as Patron-in-Chief of WOMANi, a project comprising of an annual report and an awards ceremony celebrating the success and contributions of leading women in Islamic business and finance. She will also continue to provide her expertise and support the initiative of disseminating Islamic financial intelligence by serving on the International Editorial Board of ISFIRE. These programmes are initiated with a particular focus on diversity and awareness to further develop Islamic financial education, awareness and ultimately its growth as an alternative and viable economic system.
The following statement was issued by DDCAP on the occasion.
“DDCAP Group™ is delighted to announce the extension of its Strategic Partnership Agreement with Cambridge IFA for a further year, encompassing a number of leading initiatives, such as the publication of Cambridge GIFR and the 6th Cambridge Islamic Finance Leadership Programme (Cambridge-IFLP). These programmes have a particular focus on diversity, awareness, equality and leadership, and are amongst those initiatives that have been built by Cambridge IFA and its associates to further Islamic financial practice and education worldwide. Themes of work already undertaken within the Strategic Partnership are aligned with DDCAP’s Sustainable & Responsible Actions programme to deliver against the targets of UN Sustainable Development Goals 4 (Quality Education), 5 (Gender Equality), 9 (Industry, Innovation and Infrastructure) & 17 (Partnerships).
DDCAP highly values its long-standing relationship with Cambridge IFA and looks forward to progressing the collaborative efforts of both partners to further evolve the positive impact generated previously through this Strategic Partnership.”
About Cambridge IFA
Cambridge IFA is a financial services intelligence house that specialises in developing and utilising powerful cutting-edge analytical tools to evaluate business data, assess macroeconomic indicators and understand market trends, leadership positioning and brand development relevant to the development of the financial services industry globally. The principal activity of Cambridge IFA is developing performance indicators specific to alternative practices of banking and finance. It also aims to provide strategic advice to governments, financial institutions and multilateral organisations in the development of financial markets including alternative banking and finance products, procedures, practices and policies.
About DDCAP Group™
Headquartered in London, DDCAP Group™ (DDCAP) is a market intermediary and financial technology solutions provider seeking to connect the global Islamic financial market responsibly. Established in 1998, with representative offices in the Dubai International Financial Centre, Kuala Lumpur and Manama, we have over 24 years’ experience providing award-winning asset facilitation services and technology solutions to institutional clients. Working with conventional and Islamic banks and firms, DDCAP facilitates to over 300 financial sector clients worldwide across a diverse range of Sharia’a compliant products, asset classes and instruments in both the primary and secondary markets.
DDCAP is a technology solutions and systems provider to our marketplace, having built and developed our multiple award-winning Sharia’a compliant financial technology, ETHOS AFP™. ETHOS AFP™ is a bespoke, real-time trade and post trade services platform which provides continuous coverage, including full Straight Through Processing and enables clients worldwide to purchase from a responsible, diverse asset inventory via a secure, web-based portal. The platform delivers an array of benefits and efficiencies while mitigating risks. DDCAP continues to make significant investments to ensure ETHOS AFP™ remains the industry benchmark. The most recent example of this is ETHOSTerminal™, the latest evolution (Version 2.0) of ETHOS AFP™ bringing additional integration functionality to DDCAP clients via an open market environment that enables users’ full discretion in choosing trade counterparts. We also offer technology-based trade and post trade transaction platforms for Islamic financial market participants in partnership with Refinitiv and Murex and we invest as principal in selected, early-stage Islamic financial sector businesses with exceptional technology strategies and a values-based approach aligned to our own.
DDCAP aspires to connect to the global Islamic financial market responsibly and supports awareness of the business and ethical case for responsible finance. DDCAP recognises that organisations and firms across our industry are working to translate their own vision into responsible, sustainable policies and procedures that produce positive social and environmental outcomes as well as delivering financial results. We are actively engaging with other stakeholders to encourage these initiatives and we stand ready to support our industry colleagues on their journey to a more sustainable and responsible way of doing business.
Director, Deputy Chief Executive Officer