The UAE Sets Up National Regulatory Shariah Authority

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. Earlier in May, the UAE cabinet approved the launch of a national regulatory Shariah authority which will be in charge of supervising the Shariah boards of individual banks and…

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…

Belgian Economic Mission to the UAE – seminar in the presence of HRH Princess Astrid of Belgium, Representative of His Majesty the King and Ministers

Speaker at the Islamic Economy in Belgium: Scope & Concrete Opportunities seminar Hosted at the Conrad Hotel, Dubai on 26th March 2015 Topic: Introduction of Sukuk and issuance in the UAE Presenter: Ahmad Waheed Key Discussion Points: • The concept of sukuk • Legal & Regulatory Framework • The Asian market • The Middle East market •…

Belgian Economic Mission to the UAE – breakfast in presence of HRH Princess Astrid, Representative of His Majesty the King and Ministers

The President of the Federation of Enterprises in Belgium (FEB), Mrs Michèle Sioen, invited BSA, as a members of IsFin, to take part in a the FEB breakfast, attended by HRH Princess Astrid of Belgium, Representative of His Majesty the King, and Ministers. The event brought together a select group of Belgian and local companies, to give members of the…

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…