Cagamas Wins Multiple Awards Including Islamic Issuer of The Year and Industry Leadership Award

Cagamas Wins Multiple Awards Including Islamic Issuer Of The Year And Industry Leadership Award

Kuala Lumpur, 31 October 2022 – Cagamas Berhad (“Cagamas” or “the Company”), the National Mortgage Corporation of Malaysia, was recognised at The Asset Triple A Islamic Finance Awards 2022 (The Asset Triple A) with the prestigious Islamic Issuer of the Year - Quasi-Sovereign Award, Industry Leadership Award and the Best Quasi-Sovereign Sukuk (Cagamas 1.5 billion ringgit triple-tranche commodity Murabaha sukuk) Award.

Meanwhile, at the 12th Global Islamic Finance Awards (GIFA) ceremony recently, Cagamas clinched the GIFA Market Leadership Award (Islamic Securitization) for its contribution towards the growth of the capital markets, Islamic finance and other priority sectors through the issuance of innovative instruments.

This is Cagamas’ sixth consecutive year of being conferred the Islamic Issuer of the Year - Quasi-Sovereign Award at the Asset Triple A and third consecutive year for GIFA Market Leadership Award (Islamic Securitization) at GIFA.

The Asset mentioned that Cagamas has been a big promoter of Islamic finance and applauds the Company for continuing to play a key role in supporting the Malaysian sukuk market and providing a benchmark for other issuers in Malaysia. The Asset noted that under Datuk Datuk Chung Chee Leong’s leadership, Cagamas transformed into an international debt player, spearheading the Company’s entrance into the international market as well as advancing the Company’s sustainability agenda with a cumulative issuance of RM1.7 billion worth of ASEAN sustainability bonds and ASEAN SRI sukuk since 2020.

Datuk Chung Chee Leong, President/ Chief Executive Officer said, “The conferment of these prestigious awards reaffirms Cagamas’ regional leadership position in the Islamic finance space. With the continued support of our stakeholders, we remain determined to promote the adoption of new and evolving Islamic finance products and structures, within the mainstream financial system in Malaysia and beyond.”

On winning the Industry Leadersip Award, Datuk Chung added, “I am humbled and honoured to receive this meaningful award, which celebrates the dedication and collective contributions of our board members and capable team. It is a testament to our unceasing efforts in developing solutions to address our clients’ needs.”

The Asset Triple A Islamic Finance Awards are given out to the best Islamic banks and houses, as well as deals that defined the industry in 2021. The Asset adopts a rigorous approach – both quantitative and qualitative - and the winners are selected by The Asset's Board of Editors and the Asset Benchmark Research team, who collectively have decades of experience in evaluating awards in Asia.

GIFA, organised since 2011 by EdBiz International Advisors, a London-based global Islamic finance think tank, 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.