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  Group Business Banking > HL Markets > Islamic Money Market Instruments > Cagamas Bond |
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Cagamas Bond 1) Sanadat Mudharabah Cagamas, and 2) Sanadat Cagamas. Both bonds are issued to finance the purchase of Commercial banks’ Islamic house financing debts and Islamic hire purchase with tenor up to 10 years. Sanadat Mudharabah Cagamas is issued under the principle of Mudharabah (profit-sharing). Dividend is based on a pre-determined profit sharing ratio and payable semi-annually. They are redeemable at par on maturity date unless there is principal diminution. Sanadat Cagamas is issued under the principle of Bai Bithaman Ajil. Dividend is payable semi-annually with redeemable at par together with the dividend due on maturity date.
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