Rima Mrad

Designated Non-Financial Business or ProfessionIn the context of the United Arab Emirates (UAE), the term "DNFBP" refers to Designated Non-Financial Business or Profession. DNFBPs are businesses or professions that are...

In an AB Majlis Podcast Rima Mrad, candidly shares her experiences and challenges as a woman in a male-dominated industry. “There is a presumption that women are not necessarily looking for...

BSA corporate partner, Rima Mrad recently spoke with ESG MENA on the role of the UAE and Saudi Arabia in the adoption and integration of ESG in the region. Watch the full...

The latest changes to the relevant laws in the last two to three years raised the need for companies to become more acquainted with their expected obligations. Apart from the...

The growing concern for transparency and need for reporting indicates a stronger mission to combat Money Laundering activities. Today, regulators in every part of the world are preoccupied with developing...

Throughout 2022, the United Arab Emirates (UAE) has reaffirmed its ongoing commitment and efforts to strengthen its regulatory framework in relation to anti-money laundering (AML) and counter terrorist financing (CFT)....

UAE-based Amanat Holdings, a healthcare and education investment company, has recently received approval to raise the cap on foreign ownership of the company’s shares from 49% to 100%. The company...

Established for the purposes of assuming the role of mother company to the Kaizen Group and its global affiliate companies, ensuring the intergenerational operation and expansion of the Kaizen Group...

Celebrate women's achievement. Raise awareness against bias. Take action for equality. We are delighted to be hosting a special breakfast event on Tuesday 8 March 2022 in honor and celebration...

We will explore the comprehensive operational support needed to establish, grow and streamline your Dubai business activity. Join this session to learn more about what you need to know and...

The main legal and regulatory change impacted businesses across all sectors in the UAE in 2021, is the update to the Commercial Companies Law. On 20 September 2021, the UAE...

Cybersecurity for SMEs in a Post-Covid era In a post-Covid era, cyber-attacks have today become the fastest growing crime on a global scale with 50 percent of such attacks targeting...

A raft of UAE anti-money laundering guidance has been published recently. Rima Mrad examines the key provisions and their impact on Licensed Financial Institutions and other organisations. WHAT’S HAPPENED AND...

In the following article, originally published in The Oath Magazine, Rima Mrad and Bradley Moran offer a comparison of the Foundations in the ADGM, DIFC & RAK ICC – the...

What & Why? Foundations are a form of hybrid entity similar to both a private company and a trust structure. Combining the mechanisms of both a Foundation is established for...

In late January 2021, the Small to Medium-Sized Enterprises (SME) Market Conduct Regulation (“Regulation”) was circulated to all banks and finance companies licensed by the Central Bank in the UAE...

The Road to 2030 - An Overlook on Saudi Arabia and its Business, Investment and Legal Implications Date: Tuesday, March 2, 2021 Time: 10:00 - 11:00 am U.S. Central Time...

UAE amends criminal sanctions involving bounced cheques TheOn 26 October 2020, the UAE Cabinet approved a cabinet resolution amending certain provisions of the Federal Law No. 18/1993 promulgating the UAE...

Bankruptcy Law Update Additional Debtor Relief Options Announced “On 21 October 2020, the Cabinet of the UAE approved amendments to the UAE Federal Law No. 9 of 2016, known as...

UAE Cabinet Decision No. 58 / 2020is to be implemented to regulate the minimum obligations of the corporate entities incorporated in the UAE mainland and in the non-financial free zones...

Regulation of the Procedures of Real Beneficiary UAE Cabinet passed Decision No. 58 / 2020 to regulate disclosure by corporate entities in the UAEmainland and in the non-financial free zones...

Dubai Introduces the Opportunity to Retire in the Sun ThisDubai has announced a new 5-year visa aimed at those 55 and older, around the globe, to travel to Dubai and...

On 26 March 2020, a Ministerial Decision was signed by the Minister of Human Resources and Emiratization, H.E. Nasser Bin Thani Al Hamli under No. 279 for 2020 in relation...

While the world is dealing with the repercussions of the Coronavirus and its impact on the wider worldwide economy, SMEs and family businesses are trying to deal with the impact...

UAE Compliance Update Over the past year, several key compliance regulations have been introduced across the UAE. See below a brief summary of these changes and how they may affect...

The Foreign Direct Investment Law (Decree No 19 of 2018) established a framework enabling up to 100% foreign ownership of UAE businesses, outside of the designated freezones. Previously, foreign ownership...

The creation of a strong legal framework for commercial companies will positively impact the growth of FDI in the UAE Dubai is in the final countdown for the preparation of...

Rima Mrad of BSA Ahmad Bin Hezeem & Associates LLP looks at the potential impact of the new Foreign Direct Investment law on existing shareholding arrangements in companies. The enactment...

1. Governing Texts 1.1. Legislation relevant to employee monitoring The United Arab Emirates ('UAE') is a federation of seven emirates, and all emirates are subject to the UAE constitution and...

Overview 1.1 Describe your jurisdiction’s sanctions regime The United Arab Emirates (“UAE”) has a complex sanctions regime based on a variety of sources. Sanctions are based on diverse interests, including...

UAE FOREIGN INVESTMENT LAW Following the enactment of the UAE Federal Law No. 19 of 2018 on Foreign Direct Investment (“FDI LAW”), the UAE Cabinet has announced the positive list...

The growing awareness of socially responsible investments (SRI) in the energy sector by financial institutions and the majority of major contributors to the world economy is part of a number...

Around 80% of the UAE population have come to the country to work. BSA experts, Abdullah Ishnaneh, Rima Mrad and Shaikha Al Shamsi contributes to the Emirates Law expert panel,...

On 04 April 2018, the Minister of Human Resources and Emiratization issued a groundbreaking Ministerial Decision No. 212 of 2018 on the regulations relating to the employment of UAE nationals...

BSA's Rima Mrad and Nadim Bardawil contribute to the UAE Chapter of the ICLG Guide to Data Protection 2018. The Guidecovers relevant legislation and competent authorities, definitions, territorial scope, key...

Business practices are changing. Markets are becoming more global and employees are on the move around the world. Employees are key assets driving sales, productivity and profit over different markets....

Rima Mrad, Partner based in our DIFC office, was invited to attend the LexisNexis legal mission in Paris for GCC-national women lawyers in September this year. One of the aims...

Click here to view the article in PDF. The importation of meat and poultry products into Gulf Cooperation Council (“GCC”) nations, and other Islamic countries, is big business. One issue...

Yes, 2017 is the Year of Giving, but where do you stand legally when it comes to charity and helping out in the UAE? 2017 is the Year of Giving...

Click here to view the article in full PDF Click here to view full article online Published: May 2017 Publication: Executive-woman Magazine Title: Exclusive interview with Rima Mrad Practice: CommercialCorporate...

Our experts Rima Mrad and Sarah Kadhum contributes to Emirates Law Magazine and explains how the new UAE bankruptcy law fits in with the existing legislation andbusiness practice in the...

Although, the UAE’s Islamic Economy has been growing, there are outstanding issueswhich have slowed development. Rima Mrad of BSA Ahmad Bin Hezeem & Associates LLP explains the problems and changes...

This month witnessed the much-awaited announcement regarding the establishment of a national regulatory authority for Shariah in the UAE which is expected to further promote the overall local Islamic economy....

Speaker at INTAX Expo Global Summit 2016. Hosted by INTAX Expo, at Conrad Hotel on 14 - 15 March 2016, Dubai, UAE. Topic: Investing Globally – Flexible Corporate Structures Presenter:...

The UAE is moving ahead with its planswith respect to the development of theIslamic economy. 2016 started with theannouncement of a number of Islamiccompliant transactions that furtherfoster Dubai’s objective to...

The Islamic finance sector in the UAE during 2015 featured a substantial expansion. The nature of growth witnessed throughout the first and second quarter of 2015 was mainly seen in...

The international Islamic economy continues to grow and Dubai made good progress towards its ambitious aspiration to become the leading Islamic business hub. This article is a summary of the...

A number of delegations visited the UAE in the past period with the aim of focusing on the terms of cooperation between the UAE and various European governments with respect...

We contributed the UAE chapter in this guide by Meritas as part of the global alliance of business law firms in the network. The purpose of this guide is to...

For the past three months, the UAE government and the emirate of Dubai have announced a number of legal and regulatory changes which are expected to have a direct impact...

Following the developments in the Islamic finance sector in the UAE in the last quarter of 2014, a number of major announcements have been issued in the beginning of 2015...

Speakerat the Intax Expo Middle East Hosted byIntax Group, at the Conrad Hotel, Dubai on 16 - 17 March 2015 Topic: International investments in UAE: Leading the way in the...

Being a senior professional in one of the leading regional law firms, I have worked and still working in a male dominant environment. I have been surrounded by men at...

In the past month, a number of achievements have been announced on a regional and global level with regards to the Islamic finance industry. The nature of the progress we...

The reception took place in Dubai on 29 October 2014, during the World Islamic Economic Forum (WIEF) which was held on 28 – 30 October at Madinat Jumeirah conference. WEIF...

The past month witnessed the announcement of several pieces of groundbreaking news fostering the growth and presence of Shariah compliant products in the Middle Eastern market. The latest developments are...

The Islamic financial market has seen continuous growth in the past few years, particularly in the use of sukuk. As this debt instrument is carving itself a prominent place in...

The Dubai Financial Market (DFM) officially published the final version of its ‘Standard for Issuing, Acquiring, and Trading Sukuk’ on the 2nd April 2014. The first of its kind, it...

Rima Mrad and Nadim Bardawil of BSA discuss the main factors contributing to the growth of the Middle Eastern (re)insurance market. The insurance and reinsurance industry in the Middle East...

Islamic finance is part of the sevenpillared plan to make Dubai a global capital of Islamic industry, economy and finance. There have been several recent developments and initiatives undertaken in...

The Securities and Commodities Authority (SCA) board of directors recently approved the final form of the Regulation for Sukuk. The regulation enumerates the rules for the issuance and principal listing...

The Dubai Financial Market (DFM) published its ‘Standard for Issuing, Acquiring, and Trading Sukuk’ on the 2nd April 2014. Rima Mrad takes us through the details. After researching and reviewing...

The first two months of 2014 witnessed a number of announcements relating to the Islamic finance economy which further reflected the commitment of the government of Dubai to follow the...

Rima Mrad, a Partner at Dubai-based law firm BSA Ahmad Bin Hezeem & Associates LLP (former Bin Shabib & Associates), has stated these new requirements should be a positive step...

The end of 2013 witnessed the announcement of a groundbreaking decree by Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai, regarding the creation of the Dubai Islamic Economy...

Islamic Finance has seen unprecedented growth in recent years and the pace of this growth is accelerating. This is evidenced not only by the size of the Islamic finance market,...

Having been appointed by the UAE Insurance Authority to assist in redrafting the UAE insurance law, Irshied Tayeb, head of insurance, Rima Mrad, partner, and Michael Kortbawi, partner at BSA...

The continuing and accelerating trend toward the globalisation of all things worldwide has informed the way that we look at everything social, economic, cultural and political. And real estate -...

This new book aims to provide foreign insurers and intermediaries looking to enter the market with practical, up-to-date guidance on setting up in the region. The countries featured in the...

Foster Wheeler AG has acquired Ingen Ideas (“Ingen”), a privately held upstream consultancy company located in Aberdeen, UK. Ingen specialises in field development and project decision support, focused on the...

Bancassurance allows banks to sell insurance policies of insurers they have partnered with and is one of the many means of alternative distribution methods adopted by GCC insurance companies. Although...