Latest news with #DDCAP
Mid East Info
a day ago
- Business
- Mid East Info
ruya leads the Way with New Shari'ah-Compliant Commodity Murabaha in Partnership with DDCAP Group™ - Middle East Business News and Information
ruya (رويا), the UAE's digital-first Islamic bank, is proud to announce a strategic partnership with DDCAP Group™, a global leader in Shari'ah-compliant financial solutions, to launch a next-generation Commodity Murabaha offering for its customers. Through this collaboration, ruya will leverage DDCAP's award-winning, asset-based platform, ETHOS AFP™, to structure and execute Commodity Murabaha transactions, providing customers with access to transparent, Shari'ah-compliant financing solutions. The initiative reflects ruya's mission to build a values-driven digital Islamic community bank delivering ethical and inclusive financial services. From initiation to settlement, all steps of the transaction are conducted digitally, ensuring speed, traceability and a consistent Shari'ah-compliant user experience. This initiative comes at a pivotal time as the UAE accelerates its ambition to become a global capital for Islamic finance and the broader halal economy, in line with the recently approved UAE National Strategy for the Islamic Economy and Halal Industry. The National Strategy emphasizes financial innovation, inclusivity, and the digitalization of Islamic services—principles that are at the heart of this new product offering. Christoph Koster, CEO – ruya 'At ruya, our ambition is to empower our customers through principled, accessible banking. Partnering with DDCAP enables us to bring to market a product that is not only digitally advanced and ethically grounded but also aligned with the UAE's national strategic direction for Islamic Finance.' Stella Cox CBE, FCSI(Hon), Managing Director – DDCAP Group™ 'Our partnership with ruya underlines our joint commitment to advancing Islamic banking through responsibly aligned digital transformation. By integrating ETHOS AFP™, DDCAP's Shari'ah compliant asset-facilitation platform, with ruya's digital banking architecture, our API connectivity brings a new generation of inclusive, Shari'ah compliant financial solutions to serve digital native, faith focused and values conscious customers.' This collaboration supports the UAE's broader strategic goal of becoming a global hub for Islamic finance while advancing financial inclusion and sustainable growth. ———————————————————————————————————— For more information on how to start investing in virtual assets through ruya , please visit . About ruya (رويا): Headquartered in Ajman and launched in 2024, ruya (Ruya Islamic Community Bank LLC) is a fusion of innovative technology and the enduring principles of Islamic banking, designed for individuals and businesses alike. Licensed by the Central Bank of the UAE as a Specialised Bank, ruya delivers a seamless digital banking experience built on robust security and intuitive design. Guided by the pillars of fairness, transparency, and social responsibility, ruya is deeply rooted in the community supporting families, entrepreneurs and small businesses while fostering financial literacy and inclusion through open-door branches that serve as hubs of education and support. ruya is also proud to be Great Place to Work® Certified, a testament to its inclusive culture and employee-first values. For media inquiries: pr@ Website: Twitter/X: myruyabank Instagram: myruyabank LinkedIn: ruya Facebook: myruyabank TikTok: @myruyabank YouTube: @myruyabank Snapchat: myruyabank About DDCAP Group™ DDCAP Group™ (DDCAP) is the industry-leading market intermediary and digital solutions enabler, connecting the global Islamic financial market responsibly via its proprietary, multi award-winning platform, ETHOS AFP™ (ETHOS). Outside of its London headquarters, DDCAP's international footprint includes representative offices in Bahrain, the Dubai International Financial Centre, Dubai and Kuala Lumpur. ETHOS is the market leading, multiple award-winning real-time trade and post trade services platform which provides continuous coverage and enables DDCAP clients worldwide to purchase from a responsible, diverse asset inventory via a secure, web-based portal for onward sale to their own clients and counterparties, with functionality delivering an array of benefits and efficiencies whilst mitigating trade and operational risks. DDCAP is committed to developing and supporting awareness of the business and ethical adherence for responsible finance. DDCAP's own commitment to Sustainable and Responsible Actions ('SRA') is reinforced within policy that extends across its corporate environment and infrastructure, business offerings and services and engagement with its stakeholders and other third parties internationally. For media inquiries: communications@ Website: LinkedIn: DDCAP Group™
Zawya
2 days ago
- Business
- Zawya
Ruya leads the way with new Shari'ah-compliant commodity Murabaha in partnership with DDCAP Group
Ajman, UAE – ruya (رويا), the UAE's digital-first Islamic bank, is proud to announce a strategic partnership with DDCAP Group™, a global leader in Shari'ah-compliant financial solutions, to launch a next-generation Commodity Murabaha offering for its customers. Through this collaboration, ruya will leverage DDCAP's award-winning, asset-based platform, ETHOS AFP™, to structure and execute Commodity Murabaha transactions, providing customers with access to transparent, Shari'ah-compliant financing solutions. The initiative reflects ruya's mission to build a values-driven digital Islamic community bank delivering ethical and inclusive financial services. From initiation to settlement, all steps of the transaction are conducted digitally, ensuring speed, traceability and a consistent Shari'ah-compliant user experience. This initiative comes at a pivotal time as the UAE accelerates its ambition to become a global capital for Islamic finance and the broader halal economy, in line with the recently approved UAE National Strategy for the Islamic Economy and Halal Industry. The National Strategy emphasizes financial innovation, inclusivity, and the digitalization of Islamic services—principles that are at the heart of this new product offering. Christoph Koster, CEO - ruya "At ruya, our ambition is to empower our customers through principled, accessible banking. Partnering with DDCAP enables us to bring to market a product that is not only digitally advanced and ethically grounded but also aligned with the UAE's national strategic direction for Islamic Finance." Stella Cox CBE, FCSI(Hon), Managing Director - DDCAP Group™ "Our partnership with ruya underlines our joint commitment to advancing Islamic banking through responsibly aligned digital transformation. By integrating ETHOS AFP™, DDCAP's Shari'ah compliant asset-facilitation platform, with ruya's digital banking architecture, our API connectivity brings a new generation of inclusive, Shari'ah compliant financial solutions to serve digital native, faith focused and values conscious customers.' This collaboration supports the UAE's broader strategic goal of becoming a global hub for Islamic finance while advancing financial inclusion and sustainable growth. For more information on how to start investing in virtual assets through ruya, please visit About ruya (رويا): Headquartered in Ajman and launched in 2024, ruya (Ruya Islamic Community Bank LLC) is a fusion of innovative technology and the enduring principles of Islamic banking, designed for individuals and businesses alike. Licensed by the Central Bank of the UAE as a Specialised Bank, ruya delivers a seamless digital banking experience built on robust security and intuitive design. Guided by the pillars of fairness, transparency, and social responsibility, ruya is deeply rooted in the community supporting families, entrepreneurs and small businesses while fostering financial literacy and inclusion through open-door branches that serve as hubs of education and support. ruya is also proud to be Great Place to Work® Certified, a testament to its inclusive culture and employee-first values. For media inquiries: pr@ Website: Twitter/X: myruyabank Instagram: myruyabank LinkedIn: ruya Facebook: myruyabank TikTok: @myruyabank YouTube: @myruyabank Snapchat: myruyabank About DDCAP Group™ DDCAP Group™ (DDCAP) is the industry-leading market intermediary and digital solutions enabler, connecting the global Islamic financial market responsibly via its proprietary, multi award-winning platform, ETHOS AFP™ (ETHOS). Outside of its London headquarters, DDCAP's international footprint includes representative offices in Bahrain, the Dubai International Financial Centre, Dubai and Kuala Lumpur. ETHOS is the market leading, multiple award-winning real-time trade and post trade services platform which provides continuous coverage and enables DDCAP clients worldwide to purchase from a responsible, diverse asset inventory via a secure, web-based portal for onward sale to their own clients and counterparties, with functionality delivering an array of benefits and efficiencies whilst mitigating trade and operational risks. DDCAP is committed to developing and supporting awareness of the business and ethical adherence for responsible finance. DDCAP's own commitment to Sustainable and Responsible Actions ('SRA') is reinforced within policy that extends across its corporate environment and infrastructure, business offerings and services and engagement with its stakeholders and other third parties internationally. For media inquiries: communications@ Website: LinkedIn: DDCAP Group™
Zawya
23-06-2025
- Business
- Zawya
Cambridge IFA and DDCAP GroupTM extend strategic partnership to drive continued growth in Islamic Finance
London, Cambridge IFA, a leading financial services intelligence house, and DDCAP GroupTM, a prominent provider of intermediating financial technology and Sharia-compliant trading services, have announced the renewal of their strategic partnership, committed to advocating, supporting, and promoting the growth of Islamic finance across borders. Driven by a shared vision for a thriving Islamic finance industry, this renewed partnership builds upon the strong foundation of past collaborative achievements and represents a significant strategic advancement for the Islamic finance industry. Cambridge IFA and DDCAP continue to collaborate on a range of strategic initiatives, projects, events, and publications designed to drive growth in the Islamic finance industry. Key initiatives include the Cambridge Global Islamic Finance Report (GIFR) and ISFIRE, the only print magazine dedicated to Islamic finance published from London. Additionally, the partnership extends to leadership and capacity-building programmes such as the Cambridge Islamic Finance Leadership Programme (IFLP), the WOMANi Programme, and the Cambridge Islamic Finance Structuring Master Programme (IFSM), alongside other advocacy and development initiatives. DDCAP Group, for over 25 years, has been a pioneer in supporting and developing capacity-building programmes to foster ethical leadership in Islamic finance. With a strong focus on advancing leadership skills, the group actively drives training, human capital development, and empowerment initiatives—particularly for women—to enable meaningful contributions to the global evolution of Islamic finance. DDCAP's unwavering support for these projects underscores its commitment to responsibly and sustainably connect to and strengthen the global Islamic financial market. Through their strategic collaboration, Cambridge IFA and DDCAP remain committed to shaping the future of Islamic finance. Their efforts focus on cultivating the next generation of industry leaders, empowering women to excel in Islamic business and finance, and delivering cutting-edge financial intelligence that equips market leaders with the insights needed to drive innovation and growth. The renewal of this partnership enables both organisations to strengthen their advocacy efforts and further enhance the global recognition and understanding of Islamic finance. By leveraging their combined expertise, they will continue to promote and implement impactful initiatives that drive greater awareness, acceptance, and adoption of Islamic finance principles and products worldwide. Professor Humayon Dar, Executive Chairman of Cambridge IFA and Director General of Cambridge Institute of Islamic Finance, said: "We are pleased to announce the renewal of our annual agreement with DDCAP Group, reaffirming our dedication to advancing the Islamic finance sector. This ongoing partnership underscores our mutual commitment to nurturing a robust Islamic financial ecosystem. Through our collaborative efforts, we continue to enhance our capacity-building and leadership initiatives, champion women empowerment and gender diversity, and provide accurate Islamic financial knowledge. Our alliance with DDCAP Group is instrumental in driving innovation and promoting sustainable development within the industry, ensuring we remain at the forefront of market needs and expectations.' Stella Cox CBE, FCSI(Hon), Managing Director and Founder of DDCAP Group™ commented: 'DDCAP Group™ is proud and pleased that our strategic partnership with Cambridge IFA is extended, once again, thereby strengthening our shared commitment to our established and expanding collaborations and initiatives. We feel privileged that the projects that our partnership encompasses are well regarded for their positive contribution to Islamic finance and that they also align so closely with the priorities of DDCAP's sustainable and responsible actions program encompassing the targets and objectives of the UN Sustainable Development Goals 4 (Quality Education), 5 (Gender Equality), 9 (Industry, Innovation and Infrastructure) & 17 (Partnerships). We look forward to the ongoing development of our partnership in the year ahead and eagerly anticipate the enhancements that we will work together to bring to our joint programmes for the benefit of our industry sector and its stakeholders. About Cambridge IFA Cambridge IFA, a financial services intelligence house, specialises in Islamic finance development and advocacy, leadership positioning and brand development equipped with powerful and intelligent tools to evaluate business analytics, macroeconomic indicators and understand the market trends. Cambridge-IFA provides consultancy to governments, financial institutions and multilateral organisations in the areas of developmental financial markets and alternative finance and banking products, procedures, practices and policies. Mainly, the institution develops indicators for the alternative banking and finance industry. About DDCAP Group™ DDCAP Group™ (DDCAP) is the industry-leading market intermediary and digital solutions enabler, connecting the global Islamic financial market responsibly via its proprietary, multi award-winning platform, ETHOS AFP™ (ETHOS). Outside of its London headquarters, DDCAP's international footprint includes representative offices in Bahrain, the Dubai International Financial Centre, Dubai and Kuala Lumpur. ETHOS is the market leading, multiple award-winning real-time trade and post trade services platform which provides continuous coverage and enables DDCAP clients worldwide to purchase from a responsible, diverse asset inventory via a secure, web-based portal for onward sale to their own clients and counterparties, with functionality delivering an array of benefits and efficiencies whilst mitigating trade and operational risks. DDCAP is committed to developing and supporting awareness of the business and ethical adherence for responsible finance. DDCAP's own commitment to Sustainable and Responsible Actions ('SRA') is reinforced within policy that extends across its corporate environment and infrastructure, business offerings and services and engagement with its stakeholders and other third parties internationally.
Fintech News ME
19-05-2025
- Business
- Fintech News ME
Tuum Debuts Islamic Banking Platform to Power Next-Gen Sharia-Compliant Finance
Tuum, a core banking provider based in Estonia, will unveil its Islamic Banking suite at Seamless Middle East, expanding on its previously announced Sharia-compliant capabilities. Islamic finance is projected to reach US$5.9 trillion by 2026, driven by demand for ethical, interest-free financial services. However, outdated technology and limited digital infrastructure continue to hinder innovation and customer experience in Islamic banking. Tuum's new suite provides a cloud-native, modular platform that supports both fully Islamic banks and Islamic banking windows. The system is designed to help institutions launch and scale Islamic financial products while maintaining Sharia compliance. As part of the rollout, Tuum has partnered with DDCAP Group, a facilitator of asset-backed, Sharia-compliant transactions. The integration enables automated Tawarruq execution, streamlining trade processes, asset registry, and settlement tracking. 'As demand for Sharia-compliant banking solutions continues to grow, financial institutions need a core banking platform that balances compliance with innovation,' said Miljan Stamenkovic, VP Sales at Tuum. 'Tuum's modern, cloud-native technology provides that foundation, while our partnership with DDCAP further strengthens our offering by automating key Islamic financing workflows.' The offering includes support for Islamic deposit accounts such as Mudarabah, Wakalah, Wadiah, and Qard Hassan, with automated profit-sharing. A standalone module enables automated Mudarabah and Wakalah profit distribution, compatible with any core system. The suite also includes real-time profit calculation, built-in Sharia compliance checks aligned with AAOIFI standards, and Tawarruq-based financing with digital execution of Murabaha and Istisna contracts. Islamic financing is embedded within Tuum's existing lending module, allowing for the management of both conventional and Islamic loans in one system. The platform supports deployment on public cloud providers, Google Cloud, AWS, OCI, and Azure, as well as private cloud options, meeting data residency requirements in the Middle East and North Africa, where Tuum is expanding its presence. Tuum is also developing Islamic card products, including Islamic debit cards, Ujrah-based credit cards, and Tawarruq credit cards, scheduled for release as part of its 2025 roadmap.
