Dubai regulator proposes enhancements to Islamic finance framework

DFSA Proposes Updates to Islamic Finance Framework in DIFC

The Dubai Financial Services Authority (DFSA) has proposed updates to its Islamic finance regulatory framework, seeking to clarify when firms must obtain an Islamic endorsement and strengthen disclosure requirements for Takaful products. The DFSA issued Consultation Paper No. 172, setting out clearer criteria for when authorised firms or market institutions “hold themselves out” as conducting Islamic financial business. This includes cases where…

DFSA launches consultation on changes to Islamic finance rules

The consultation will run until 19 June The post DFSA launches consultation on changes to Islamic finance rules appeared first on Investment International.

DFSA Launches Consultation to Strengthen Islamic Finance Rules in DIFC

DFSA Opens Consultation on Islamic Finance Framework in DIFC The Dubai Financial Services Authority has launched a public consultation aimed at enhancing the Islamic finance regulatory framework within the Dubai International Financial Centre, as the UAE continues positioning itself as a global hub for Sharia-compliant finance. The consultation, announced through Consultation Paper No. 172 (CP 172), proposes several updates designed to provide g…

Dubai regulator proposes enhancements to Islamic finance framework

The proposals come as the Islamic finance sector continues to expand