The UAE Islamic Finance Industry Hits The Ground Running In 2016

The UAE is moving ahead with its plans with respect to the development of the Islamic economy. 2016 started with the announcement of a number of Islamic compliant transactions that further foster Dubai’s objective to become a global Islamic capital. Islamic products are getting more popular and in a recent study by Bloomberg, it has been noted that UAE residents are inclined to choose…

Country Report – UAE: Leading The Way In The Middle East

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 pushing hard at the limits and boundaries of the Islamic finance industry as serious new players are coming on board. Goldman Sachs Sukuk: Goldman Sachs…

Country Report – UAE: New Standards for Sukuk

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 is a comprehensive standard aimed at enhancing the regulatory environment of Islamic finance. This complements the ‘Standard for Issuing, Acquiring, and Trading of Shares’ published…