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Dubai regulator consults on changing Islamic finance framework

A local man in Dubai looking at his phone.
The DFSA says new framework will provide regulatory clarity. Photo: Horacio Villalobos/Getty Images

Hameed Shuja

3 min read
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New framework will align regulatory requirements with broader national objectives, including the UAE Strategy for Islamic Finance and Halal Industry as well as Dubai’s Economic Agenda (D33).

Dubai’s financial services and banking regulator has launched a public consultation on ways to further enhance its Islamic finance regulatory framework. The consultation is seeking opinions on proposals related to the requirement to have an endorsement to conduct business within the Dubai International Financial Centre (DIFC) in accordance with Shari’a

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