The Islamic Finance and Ethics Society is hosting their Annual Conference on 2nd March 2019 with the main theme of the conference being ‘The Islamic Moral Economy’. Panels include ‘How Islamic is Islamic Finance’ moderated by Dr. Jonathan Ercanbrack. DDCAP Managing Director, Stella Cox, previously spoke at this thought provoking and engaging event.
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DDCAP Group has successfully achieved Cyber Essentials Plus reaccreditation for 2019. This, combined with ongoing industry standard security testing of DDCAP’s ETHOS AFP™ application, underlines our Group’s commitment to ensuring that we offer an industry recognised secure platform and infrastructure for our clients’ transactions.
Cyber Essentials Plus is a UK Government backed scheme and is independently verified by a recognised certification body.
The DDCAP Group is delighted to announce the appointment of Roslan Ahmad as Chief Representative of our newly established DDGI Limited Authorised Representative Office in Kuala Lumpur.
Roslan has a wealth of financial market experience and, most recently, spent 6 years with Amanie Group, where he was Managing Director of Amanie International Consulting.
Between 2004 and 2012, Roslan worked for Cagamas Berhad where he served as Manager of Treasury, Capital Markets and Securitisation before being appointed Head of Islamic Business. Prior to that, Roslan was with Maybank Group for 13 years where he held senior positions within market risk management.
DDCAP Group participated in raising money for ‘Save the Children’ by encouraging staff to wear their Christmas jumpers on Friday, 14th December, 2018.
DDCAP was pleased to be part of the Transformers Summit which took place in Cambridge on 10 December 2018. The Transformers Summit, sponsored by the Islamic Development Bank (IsDB), encouraged collaboration amongst entrepreneurs, innovators and global leaders to discuss the role of science, innovation and technology in achieving Sustainable Development Goal 11: Make cities and human settlements inclusive, safe, resilient and sustainable. The IsDB is a multilateral development bank that has been working for over 40 years to improve the lives of the communities it serves by delivering impact at scale.
With the global population rapidly expanding our cities, the IsDB believes that investing in science, technology and innovation is a key driver in addressing the continued demands on housing, energy, clean water, food, transportation infrastructure, and societal services.
DDCAP Group Managing Director, Stella Cox CBE, spoke about the scale of the contribution that the Islamic Financial community could make to ethical and sustainable financing solutions for cities
IFN Kuwait Forum returned to Kuwait City in December 2018, with the support of both local regulators and international participants to explore and encourage Shariah compliant investment opportunities in the country.
Lawrence Oliver – Director and Deputy CEO, DDCAP moderated the ‘Fintech Huddle’, which was the final session of the forum focusing on the role of fintech, digital platforms and tokenization in today’s financial industry in Kuwait. Lawrence was joined by Hamid Rashid – Founder, Finterra – and Robin Lee – CEO, HelloGold.
Other topics discussed at the forum included ‘Mega Trends: Domestic and Global influencers on Kuwait’ which focused on the key issues relevant to the economic development of Kuwait and the growth of Islamic banking and finance, and ‘Development of Islamic Capital Markets and Asset Management in Kuwait’, which looked at innovation in Kuwaiti capital markets and more specifically focused on where Sharia’a compliant products can add value and what role they can play.
DDCAP was delighted to extend its engagement with sustainable and responsible actions and financial practices as named Supporter of the joint Deloitte & CISI Islamic Finance Forum that took place in London on 4 December with the theme “Sustainable Islamic Finance: streamlining investment practices”.
DDCAP Group Managing Director, Stella Cox CBE, was asked to make opening remarks in support of a subsequent panel discussion on the role of Market Institutions and Practices.
Following her comments, she joined the panel which included Sohail Jaffer, Khalid Howladar and Asim Khan. Amongst key topics, the panellists debated the fit of Islamic finance amidst green, sustainable and social markets, investment products and practices that differentiate Islamic sustainable finance and the prospects of and challenges to developing cross-border green sukuk.
DDCAP sponsored and attended the 25th World Islamic Banking Conference, which took place in Bahrain on the 26th-28th November. The forum was well attended and covered a series of discussions on ‘Islamic Finance & Sustainable Economic Growth in the Age of Disruption’. Participants from DDCAP included Cassim Docrat, Charlie Sleightholme, Sylvester Da Silva and Callum Burgess, who took the opportunity to meet many of DDCAP’s clients in Bahrain and the wider region. Cassim was also a panelist, on the session titled ‘Region focused round Table: Africa’.
In his keynote address, Dr Sami Al-Suwailem, Head of Financial Product Development Centre, Islamic Research & Training Institute, Islamic Development Bank, stated that the size of e-commerce is three times the size of the Islamic financial industry and there is accordingly ample room for the industry to invest and participate in the digital revolution. Furthermore, e-commerce is a good channel to manage the liquidity of Islamic banks.
The conference also played host to an exclusive interview with H.E. Khalid Al Rumaihi, Chief Executive, Bahrain Economic Development Board, which focused on emerging projects and financing, and the benefits and risks of digitization. He also discussed the value added tax which is scheduled to be implemented in the Kingdom of Bahrain early in 2019.
Key insights on the final day included an exclusive interview with H.E. Shaikh Mohamed bin Khalifa bin Ahmed Al-Khalifa, Minister of Oil, Kingdom of Bahrain, who discussed investment plans in light of Bahrain’s recent large-scale discovery of shale oil and gas reserves, the global oil market ahead of December’s OPEC meeting and the new initiative and projects that are being undertaken by the Kingdom.
On 16th November, deputy CEO Lawrence Oliver attended the UK Turkey Islamic Fintech Forum held at the British Consulate in Istanbul. Lawrence was a panelist discussing funding and finance opportunities for Islamic fintech’s and subsequently, together with DDCAP manager Callum Burgess, made a presentation on DDCAP’s market-leading ETHOS Asset Facilitation Platform™. Accompanied by executive director David Testa, Lawrence and Callum formed part of almost 100 attendees at the ground-breaking event, organised jointly by London’s TheCityUK and Borsa Istanbul, which also featured a keynote address by Nicholas Cannon, Head of the Economic and Prosperity Section at the British Consulate-General in Istanbul.
On 30th & 31st October, managing director Stella Cox CBE attended the 4th Global Islamic Economy Summit, held in Dubai and organised by the Dubai Chamber of Commerce and Industry and Dubai Islamic Economy Development Centre. Accompanied by executive director David Testa, as well as regional director Cassim Docrat and Kazi Hussain from DDCAP’s DIFC office, Stella attended a series of high-level workshops, keynote speeches and seminars featuring industry leaders from a variety of sectors illustrating the breadth and depth of the wider Islamic economy. In addition to CEOs representing local Islamic financial institutions, senior executives also attended from sectors as diverse as tourism, fashion and the Islamic digital economy, with a particular focus on Fintech and ethical investment. Official attendance was in excess of 3,000.