BSA Ahmad Bin Hezeem & Associates

Sukuk

The UAE — A key participant in the Islamic finance economy

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 to the promotion of the Islamic finance sector. This definitely is helping in shaping the progressive role the […]

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Back to basics: Sukuk structures

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 international financial market and competing with conventional debt products, we have dedicated this article to shed light […]

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Country report – UAE: Dubai as the global capital for Sukuk

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 order to achieve this objective, which was declared last year by Sheikh Mohammad Rashid Maktoum, the prime minister […]

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Country report – UAE: SCA Sukuk announcement

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 of Sukuk; rules  for Sukuk trading, clearance and sett lement; and rules for the issuance and listing of […]

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Sector feature – UAE: DFM issues new standard for issuing, acquiring, and trading Sukuk

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 existing Shariah Sukuk standards with Islamic scholars and various regulatory bodies, the DFM issued the Standard to […]

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