In a bid to strengthen the insurance sector and promote industry consolidation, the UAE Insurance Authority (IA) recently introduced new financial regulations for underwriters, aimed at improving solvency, technical provisions and accounting practices, and setting new investment and minimum capital requirements. These reforms will bring the...
The acquisition of Barclays UAE retail business in 2014 by Abu Dhabi Islamic Bank (ADIB) represented the most significant expansion in the domestic Islamic banking market of recent years. However, while the headline-generating event was a very visible demonstration of the growth of sharia-compliant financing in the UAE, the expansion of Abu...
To what extent are the principles of Islamic banking universal, and how can these play a role in penetrating the conventional market?
The UAE is one of the world’s core markets for Islamic financial services (IFS), and in recent years has made significant contributions to both global industry asset growth and innovation. Within the wider federation, the IFS institutions which have made Abu Dhabi their home have played an important role in the nation’s emergence as a centre...
Declining oil prices and regional unrest made 2015 a challenging one for capital markets across the region, and Abu Dhabi equity and debt arenas were no exception. Yet the development of new regulations, processes and products on the emirate’s exchange, and the opening of a new financial free zone on the capital’s Al Maryah Island, mean that...
With 35-40% of daily trading values coming from institutional investors, are any further measures being considered to increase this?
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