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BSA advises Dar Al Sharia on the set up of their DIFC entity

Dar Al Sharia has launched its eagerly anticipated offices in the Dubai International Financial Center (DIFC). Dar Al Sharia is a Sharia, Legal and Financial consultancy firm consisting of an experienced team of professionals, working under the leadership and direct guidance of Shaikh Dr. Hussain Hamed Hassan. CEO of Dar Al Sharia, Sohail Zubairi commented, “We provide our clients with a unique combination of consulting services encompassing Sharia, legal and commercial advisory. We hope and pray that this is the start of a long journey of excellent times and opportunities for Dar Al Sharia in the DIFC and that Bin Shabib & Associates continued co-operation and support shall play an important and pivotal role in this direction”. Bin Shabib & Associates (BSA) LLP, a regional law firm, with its main offices in the DIFC and having wide ranging legal expertise to advise on matters in the GCC and the MENA region, advised Dar Al Sharia on the proposed structure of the entity, the relevant regulatory requirements and the procedures in securing the license for the entity in the DIFC. “These are exciting times for the Islamic Finance industry as the pace of its growth increases and the world becomes more aware of its potential” explained Imran Shafiq, Head of Banking & Finance at Bin Shabib & Associates. “A one stop solution centre for Islamic Finance products is essential in this day and age and we hope to work closely with Dar Al Sharia on bringing this to fruition”. Published by Islamic Finance news
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