The status of Dubai as a global financial centre means that it plays a central role in the domestic Islamic financial services (IFS) sector. Thanks in large part to an ambitious government strategy, the sharia-compliant financial industry has emerged as a globally significant player. The combined assets of the world’s Islamic finance market...
Despite the ubiquity of futures trading on advanced markets around the globe, they remain a relatively new concept in the Gulf. Futures represent an essential risk-management tool for fund managers, and their arrival to the region has long been anticipated by stakeholders. In this regard, Dubai has established itself as a regional pioneer,...
With sukuk (Islamic bonds) listings reaching $51.2bn worldwide, what steps are being taken to diversify sharia-compliant products?
Dubai’s status as a financial centre rests to a large extent on its advanced capital markets. The city’s various trading floors have played a regionally important role as pioneers of new instruments and market processes, and succeeded in attracting investment from both home and abroad. Competition for scarce liquidity in the Gulf has, however...
Home to nearly one-third of the GCC’s banking assets, the UAE’s banking industry is the biggest in the region. Dubai is one of the nation’s two financial centres, and through its vibrant onshore and offshore markets, the emirate has established itself as an integral component of the global financial services sphere. Despite the adverse effects...
To what extent is further consolidation of the banking system expected in the coming years?
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