Cagamas Wins Awards at the 10ᵗʰ Global Islamic Finance Awards 2020

Global Islamic Finance Awards 2020

Global Islamic Finance Awards 2020

Kuala Lumpur, 22 September 2020 – Cagamas Berhad (Cagamas), the National Mortgage Corporation of Malaysia was awarded the GIFA Excellence Award (Islamic Securitisation) and GIFA Special Award (Islamic Financial Advocacy) at the 10th Global Islamic Finance Awards (GIFA) ceremony, which took place both virtually and physically in Islamabad, Pakistan. The awards recognise Cagamas’ contribution towards the growth of the capital markets, Islamic finance and other priority sectors through the issuance of innovative instruments. 

“It is an honour for Cagamas to be presented with the GIFA Excellence Award (Islamic Securitisation) this year. This award represents a recognition of Cagamas’ commitment to developing innovative capital market solutions to meet the dynamic needs of Islamic finance in the global financial markets. By effectively leveraging on our position as the largest corporate bonds and sukuk issuer in Malaysia, we are poised to deliver value to our stakeholders in new frontiers of Islamic finance that will benefit the economy, our society, and the environment,” said President/ Chief Executive Officer Datuk Chung Chee Leong.

On winning the GIFA Special Award (Islamic Financial Advocacy), Datuk Chung added, “I humbly receive this award on behalf of Cagamas, our board members and my colleagues, whose collective contributions and staunch advocacy of Islamic finance has resulted in this meaningful recognition. Over the past three decades, Cagamas has contributed to the country’s trailblazing efforts in Islamic finance. With the continued support of our stakeholders, we will remain focused in our determination to promote the adoption of new and evolving Islamic finance products and structures, within the mainstream financial system in Malaysia and beyond.”

GIFA, organised since 2011 by EdBiz International Advisors, a London-based global Islamic finance think thank, honours banks, financial institutions, consultancies, rating agencies, insurance brokers and technology companies for their contributions and positive influence on the global Islamic banking and finance industry.