Dubai Financial Market updates Sharia standards

The DFM became the world’s first Sharia-compliant exchange in 2007 and its standards, the first of their kind, thoroughly explain Islamic investment instruments such as sukuk, shares and green investment funds.


Exempted companies to operate locally

With the proposed legislation, the Cayman Islands government is reacting to pressure from the European Union, which considers parts of Cayman’s tax regime as harmful.


DFSA signs MoU with Bank Negara Malaysia

The MoU anticipates the presence of Malaysian institutions, including those offering Islamic Finance, in the Dubai International Financial Centre, and formalises arrangements for regulatory cooperation and establishes a framework for exchange of informati


Court cuts penalty in Dhs1.4m scam bid

The Criminal Court jailed the businessman, official and banker for three years plus deportation and ordered each to pay Dh14, 000 plus a Dhs5,000 fine.