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Written by:

Paul C


Date added:

January 27, 2014








No of pages / words:

5 / 1240


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The purchase of housing debt on Islamic principles by Cagamas is managed based on the Bai’ Al-Dayn concept whereas the issued of Cagamas Mudharabah bonds is based on the All-Mudharabah concept. Under this concept the bondholder and Cagamas will share profits according to ratios agreed earlier together...
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The agreements pertaining to the purchase of housing debt based on Islamic principles will be sealed between Cagamas Berhad and Bank Islam Malaysia Berhad. Cagamas will purchase housing debts amounting RM30 billion from Bank Islam. As a result of this agreement, a total of RM30 billion of Cagamas Mudharabah Bonds is created...
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