08.03.2013 - Dubai aims to be top destination for global sukuk
Thirty-eight years after it first ventured into Shariah-compliant finance (with the launch of Dubai Islamic Bank), Dubai is aiming to get a bigger slice of the global Islamic bond market. On February 27, His Highness Sheikh Mohammed bin Rashid Al Maktoum, vice-president of the UAE and ruler of Dubai, announced a government initiative to transform the emirate into a global center for sukuk. The scheme seeks to further strengthen Dubai's position as a major player in regional and international finance, with a prime focus on supporting the Islamic economic sector...............................................Full Article: Source
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