Welcome to DDCAP Group

DDCAP WINS ‘BEST INTERBROKER 2018’ IN THE IFN AWARDS

November 29, 2018ddcapNews

DDCAP has won the award for ‘Best Interbroker’ in the IFN 2018 Awards for the second consecutive year.

The winners were selected following a poll by IFN of industry and market participants. DDCAP Managing Director Stella Cox CBE said “We are delighted to win this award. Given it is an industry vote, we see it as validation of our services and solutions by our clients and peers. We are truly appreciative of everybody who voted for us”

Refinitiv Partners With DDCAP Group To Provide A Fully Integrated Treasury Trading Workflow For Sharia’a-Compliant Transactions

November 22, 2018ddcapNews

Refinitiv, formerly the Financial & Risk business division of Thomson Reuters, has signed a partnership agreement with DDCAP Group (“DDCAP”), a leading provider of asset facilitation and trade execution services, to offer financial institutions a fully integrated treasury trading workflow for Sharia’a-compliant transactions.

The partnership provides clients in the banking and finance sector with a joint value proposition for Sharia’a-compliant transactions that supplements the functionality of Refinitiv’s treasury trading platforms with DDCAP’s real-time trade execution and post trade services platform, ETHOS AFPTM.

“The Refinitiv Islamic Deal Adapter, developed on Eikon Open Platform, is a treasury trading platform for Sharia’a-compliant transactions that allows customers to fully automate their Islamic deal workflow. DDCAP is the leading treasury and capital markets intermediary in the Islamic Financial Services Industry and this partnership will bring our respective technologies together in order to offer clients a unified and integrated workflow,” said Nadim Najjar, Managing Director, Middle East & Africa, Refinitiv.

“With the integration of the Islamic Deal Adapter and DDCAP’s ETHOS AFPTM, we will be able to provide an efficient, single solution to the Sharia’a-compliant institutional marketplace for trade execution,” added Najjar

Stella Cox CBE, Managing Director of DDCAP said “We are delighted to be working with Refinitiv on this innovative and ground-breaking development.  We are constantly investing in our systems technology, with the objective of enhancing and improving our services to our clients. Our strategic partnership with Refinitiv will allow the delivery of a single seamless transaction solution to the Sharia’a-compliant institutional marketplace.  We believe this will result in significant trade execution and operational efficiencies for our clients.

DDCAP is a leading market intermediary in the Islamic financial services industry, providing structuring support and value-added services to connect the global Islamic financial market responsibly across a diverse range of products and asset classes, including treasury, capital markets, fund management and consumer banking.

About Refinitiv

Refinitiv is one of the world’s largest providers of financial markets data and infrastructure, serving over 40,000 institutions in over 190 countries. It provides leading data and insights, trading platforms, and open data and technology platforms that connect a thriving global financial markets community – driving performance in trading, investment, wealth management, regulatory compliance, market data management, enterprise risk and fighting financial crime.

OMFIF PODCAST: LONDON AS A HUB FOR ISLAMIC FINANCE

November 2, 2018ddcapNews

 

DDCAP Managing Director, Stella Cox CBE, was interviewed by Anton Vargo of the Official Monetary and Financial Institutions Forum (OMFIF), an independent think tank for central banking, economic policy and public investment, in a podcast for the Islamic Finance series ‘London as a hub for Islamic finance’.

To listen to the podcast, please click the link below

https://www.omfif.org/meetings/podcasts/2018/october/islamic-finance-series-london-as-a-hub-for-islamic-finance/

IFN Singapore, 5th October 2018

October 5, 2018ddcapNews

IFN Singapore Forum gathered influential Islamic finance thought leaders to debate how Singapore can fully utilise its competitive advantages to shape itself as a regional and international centre of Sharia’a finance excellence.

At the event, Lawrence Oliver, Director and Deputy CEO of DDCAP, moderated the panel focusing on ‘Financing, Fund and Capital-Raising in Singapore: Islamic Options’ where the panel assessed the diversification of funding for corporates and the potential for Islamic financing arrangements. Further to this the panel discussed the potential for Sukuk issuance and identified what steps should be taken to deepen domestic and regional secondary markets and increase the tradability of such Instruments.

The half-day event was very well attended with many established attendees such as Sazali Baharom (Country Manager for Singapore, CIMB) featuring greatly. Baharom has been positive recently regarding Singapore’s potential, commenting that “In terms of regulations, Singapore does have the right ingredients in terms of flexibility and clear regulations.”, whilst also citing the country’s geographical location and conventional finance position (www.straitstimes.com, OCT 5, 2018,)

A common theme of the event was the need to incentivise entry into the Islamic finance market. Many attendees supported the idea that Singapore should follow Malaysia’s example of implementing industry incentives.

The event coincided with the launch of a new Sharia’a -compliant index – FTSE ST Singapore Shariah Index- launched by FTSE Russell, Singapore Press Holdings (SPH)) that will serve as a benchmark for Sharia’a -compliant funds looking to invest in the city-state. It is thought that the index could carve a path for more Sharia’a -compliant products to be created, with the first foray into Islamic financing not having quite taken off several years previously.

DDCAP Group’s representative office in Kuala Lumpur is authorised by the Malaysian authorities

October 4, 2018ddcapNews

DDCAP Group is delighted to announce that DDGI Limited’s application for the opening of a representative office in Kuala Lumpur has been approved by the Malaysian Investment Development Authority (MIDA).

The DDGI Limited Representative Office in Kuala Lumpur will help strengthen and support new and existing client relationships in Malaysia and Southeast Asia as well as provide a base to explore new, complementary opportunities in the region.

Along with DDCAP (DIFC) Limited in the DIFC in Dubai, the DDGI Limited Representative Office in Kuala Lumpur expands DDCAP Group’s global footprint and further solidifies its commitment to Southeast Asia. The Kuala Lumpur DDGI Limited Representative Office is expected to launch officially in Q1 2019.

DDCAP featured as the Daily Cover Story for IFN Alerts publication on Thursday 4th October 2018 which can be found below:

DDCAP to launch Kuala Lumpur office as springboard to new Southeast Asian opportunities

“GLOBAL: UK-based commodity Murabahah trading service provider DDCAP Group has secured regulatory approval to set up shop in Malaysia, allowing the firm to tap new opportunities in Southeast Asia as part of its expansion strategy.

Receiving an approval by the Malaysian Investment Development Authority, DDGI – a wholly-owned subsidiary of DDCAP Group – expects to open a representative office in Kuala Lumpur in the first quarter of 2019, the firm confirmed. The office would be DDCAP’s third office but first in the Asian region – it is currently present in London and Dubai.

“Southeast Asia encompasses a number of vibrant and rapidly expanding markets that offer exciting opportunities to DDCAP. We are committed to supporting our established customer base and have now responded to their requests of us to be closer to them,” shared Group Managing Director Stella Cox, adding that the group has been especially enthused by the Malaysian authorities’ leadership in integrating sustainable and responsible financial practices within local legislation and regulation.

The Kuala Lumpur office puts DDCAP at the heart of one of the largest Islamic finance markets in the world, where commodity Murabahah is widely used. Serviced by a number of local players and non-Malaysian firms, DDCAP would be one of the first foreign commodity Murabahah service providers to establish a physical presence in Malaysia.

“We believe that having [a] presence in Malaysia offers us an exciting opportunity to focus on the expansion of our automated solutions amidst a globally ambitious, technically focused, fintech community,” said Lawrence Oliver, DDCAP Group’s deputy CEO.”

GLOBAL ISLAMIC FINANCE FORUM (GIFF) 3rd and 4th October 2018

October 3, 2018ddcapNews

The Association of Islamic Banking and Financial Institutions Malaysia (AIBIM), with the support of the Central Bank of Malaysia, hosted the Global Islamic Finance Forum 2018 (GIFF 2018) from 3rd to 4th October at Bank Negara’s centre of knowledge and learning, Sasana Kijang, Kuala Lumpur. The theme for this year’s event was Value Based Intermediation – Beyond Profit, a strategy launched by the Bank in March 2018, whose central theme is understanding values in banking, introducing them into the DNA of banks and encouraging thinking and action that goes beyond profits. GIFF 2018 covered specific related topics including:

  • Integrating Sustainability and Responsible Financing into the Financial Sector
  • Pushing the Sustainable Agenda to the Board
  • Roadmap to Sustainability
  • Reporting on Sustainability
  • Technological Disruption Impacting Sustainable Finance
  • Advancing and Driving Systematic Change
  • Delivering Superior Customer Experience and Valuing and Fulfilling the Customers’ Needs

The event was extremely well attended with many established banks in the region in attendance, including Citibank Malaysia, BNP, MBSB, HSBC, Al Rajhi, OCBC, Maybank and Hong Leong.

 

THE ROYAL AWARDS MALAYSIA

October 2, 2018ddcapNews

DDCAP Group Managing Director, Stella Cox, was honoured to serve as a member of the Nominations Committee for ‘The Royal Award for Islamic Finance TM’.
The Royal Award is jointly organised by the Securities Commission Malaysia and Bank Negara Malaysia, under the Malaysian International Islamic Financial Centre (MIFC) initiative. The Award is given out once every two years.

The Nomination Committee is comprised of a group of select individuals with experience and knowledge in Islamic finance and was introduced with the objective of strengthening the nomination process of candidates for the Royal Award. Thereafter, a specially selected panel of independent jury members is responsible for evaluating and selecting the Royal Award recipient. The jury is comprised of industry experts from diverse professional backgrounds and geographies.

Overseeing this process is the Steering Committee, which consists of an appointed group of individuals with established industry experience. The Royal Award for Islamic Finance 2018 was bestowed upon Tan Sri Dr Zeti Akhtar Aziz, former Governor of Bank Negara, Malaysia, on 3rd October. DDCAP extends warm congratulations to Tan Sri Dr Zeti.

IFN Indonesia, Jakarta, 1st October 2018

October 1, 2018ddcapNews

IFN Indonesia Forum 2018 discussed and debated emerging opportunities, issues and potential solutions for Indonesia’s Sharia’a finance industry. DDCAP Group had both Lawrence Oliver, Director and Deputy CEO, and Cassim Docrat, Director, DDCAP (DIFC), as moderators for two of the sessions.
Cassim Docrat led his panel in the discussion of ‘Developing the Islamic Asset Management Industry in Indonesia’ discussing how Badan Pengeloia Keuangan Haji (BPKH) will be a hugely important investor, and how its emergence is a significant boom for the local asset management industry. The panel proceeded to highlight what BPKH’s entrance will mean for Sharia’a compliant investment in Indonesia as well as debating what more could be done to further develop this important sector.
Lawrence Oliver moderated a panel on Green, Sustainable and Responsible Finance and Investment in Indonesia and included Lawrence Oliver as moderator. The discussion focused on the significant local and regional interest in responsible finance and investment from Indonesia, including setting the notable precedent of the issuance of the world’s first green sovereign sukuk, which was issued in benchmark size of US$1.25bln. In addition, the panel considered what was needed to take green finance and socially responsible investment mainstream and whether sectors such as infrastructure would potentially benefit from its growth.

The event showed that there was potential and appetite for Islamic finance in Indonesia, the world’s most populous Muslim nation. The push for greater IF in Indonesia follows on from recent events in the summer, where on 27th July the country’s president inaugurated the National Committee for Shariah Finance, or KNKS for its abbreviated Indonesian name, as part of the government’s push to make Indonesia a global hub for the Islamic financial industry.

Paradoxically, Indonesia, a nation which has the highest number of Sharia’a-compliant banking institutions of any country in the world, is home to an Islamic finance sector which maintained a meagre market share of just 5.3% of the country’s total banking assets as of 2016, compared to 51.1% in Saudi Arabia, 33% in Qatar, 23.8% in Malaysia and 19.6% in the UAE. It also has just 23mn customers out of a total population of around 260mn.

DDCAP Group receives “Market Leadership Award 2018 (Facilitation & Support)” award at the Global Islamic Finance Awards (GIFA) in Sarajevo, the capital of Bosnia and Herzegovina

October 1, 2018ddcapNews

 

The 8th Global Islamic Finance Awards were held on 29th September in Sarajevo, the capital of Bosnia and Herzegovina. DDCAP were the winners of the prestigious ‘GIFA Market Leadership Award 2018 (Facilitation & Support)’, and were represented at the awards ceremony and following Gala dinner by David Testa, Executive Director. Stella Cox CBE, Managing Director of DDCAP, said on the news of the award “DDCAP Group is honoured and privileged to be announced as the winner of the GIFA Market Leadership Award 2018 (Facilitation & Support). We are truly delighted to receive the recognition of the GIFA Committee again this year with its validation of the commitment and investment that DDCAP has made, for more than twenty years, to provide intermediary asset facilitation services to support Islamic financial market requirement. These, combined with the robust, responsible, automated financial technology solutions that we have been delivering to our clients endorses our mission to assist the further development of our industry. We are proud of our unique business model and humbled that GIFA should consider that we are a market leader.”

The GIFA Leadership Award for 2018 was awarded to the President of Bosnia and Herzegovina, His Excellency Bakar Izetbegović, and the keynote address was made by Lisa Doughten, Chief of the Secretariat for the UN Central Emergency Response Fund. Ms Doughten highlighted the global reach of the emergency funding provided under this United Nations initiative, which has deployed over US$5bn since its inception in 2006, including in many Muslim-majority countries.”

DDCAP Group were proud to support this years City Giving Day, 25th September 2018

September 25, 2018ddcapNews

DDCAP Group joined over 300 companies to celebrate volunteering and philanthropy in the City of London with various fundraising activities on Tuesday, 25 September 2018.

The funds raised will be donated to the Lord Mayor’s Appeal charity, which supports the ‘Samaritans’, ‘Place2Be’ and ‘On Side Youth Zones’. These charities address social issues by delivering programmes to help children with mental health issues and help keep young people off the streets by transforming high deprivation areas into Youth Zones.

DDCAPs funds were raised from the following activities:

  • Bake sale
  • ‘Tour de City’ static bike challenge, which involved 46 teams from 32 companies
  • Raffle to win a luxury hamper or dinner gift experience

Through the generosity and enthusiasm of our employees, we raised over £1k in charitable donations for the Lord Mayor’s Appeal Charity.

DD&Co is a Category V Associate Trade Member of the London Metal Exchange

DD&Co is an Affiliate Member of the London Platinum and Palladium Market

DD&Co is an Affiliate Member of the London Platinum and Palladium Market

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DDCAP Limited

DDCAP Limited
Registered Address
8-10 Grosvenor Gardens
London SW1W 0DH
United Kingdom

T: +44 (0)20 78631250
F: +44 (0)20 76635462
E: ddgi@ddcap.co.uk

DDCAP (DIFC) Limited

DDCAP (DIFC) Limited
Registered Address
Suite 12, Level 1
Gate Village 3, DIFC
Box 506683, Dubai
United Arab Emirates

T: +9714 401 9844
E: ddcapdifc@ddcap.com