The Islamic debt market in Jordan is set to capitalise on growing worldwide interest in sukuk (sharia-compliant bonds) after long-awaited regulations allowing banks to issue and buy the financial instrument have been put in place, paving the way for a sovereign issuance.
Legislation regulating Oman’s sharia-compliant insurance market has moved a step closer to being finalised after the State Council approved a draft law that will help encourage new investment in the takaful (Islamic insurance) industry.
Competition is set to heat up for high-end retail space in Abu Dhabi in the coming years as an expanding and affluent population, solid economic growth and increasing tourism drive retail activity.
A new regulatory framework governing Bahrain’s sharia-compliant insurance, or takaful, sector is expected to play a key role in generating new growth across the segment by attracting more players to the market as well as boosting competition among operators.
A decision to defer extending a comprehensive state health insurance scheme to the expatriate community in Qatar means that private insurance companies will be able to tap into the segment for at least another 18 months.
Long in the offing, a new FDI law, which aims to improve Kuwait’s business climate and reduce obstacles to market entry, is set to play a key role in underpinning investment growth.
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