Cagamas Wins Top Awards at the Triple a Islamic Finance Awards 2023

Kuala Lumpur, 17 August 2023 – Cagamas Berhad (“Cagamas”/ “the Company”), the National Mortgage Corporation of Malaysia, was accorded the esteemed Islamic Issuer of the Year - Quasi-Sovereign Award for the seventh consecutive year, as well as the Best ASEAN Social SRI Sukuk in the categories of Best in Sustainable Finance and Best Country Deal (for Cagamas’ 300-million-ringgit commodity Murabaha sukuk) at the Asset Triple A Islamic Finance Awards 2023 (“the Asset”), today. The Asset also honoured Cagamas’ President/Chief Executive Officer, Datuk Chung Chee Leong, with the Lifetime Achievement Award.

The Asset acknowledged that 2022 was yet another landmark year for Cagamas where it had significantly advocated for Islamic finance and commended the Company for its consistent contribution to the Malaysian sukuk market. Under the guidance of Datuk Chung, Cagamas has evolved into a savvy and prolific issuer in the Malaysian sukuk landscape, with a successful entry into the international sukuk market and delivering on its commitment to advancing sustainability objectives. Notably, Cagamas has issued a cumulative total of RM2.6 billion worth of ASEAN sustainability bonds and ASEAN SRI sukuk since 2020.

“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,” said Datuk Chung.

On winning the Lifetime Achievement Award, Datuk Chung added, “I am deeply humbled and greatly honoured to accept this significant accolade, one that recognises the commitment and combined efforts of our Board members and proficient team. This award stands as a testament to our ongoing endeavours in formulating solutions that effectively cater to the requirements of our clients."

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. 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.