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The UAE Securities and Commodities Authority (SCA) has made some significant changes to its Investment Funds Regulation (IFR) prior to the 12 month transitional period (during which all fund managers are to apply for approval of their funds for marketing in the...

The real estate market in the Middle East has seen a substantial cooling of activity since the global economic downtown at the end of 2008. However, new levels of activity have begun during 2012 as the availability of finance has returned to the market and regional...

According to a recent report by Thomson Reuters, the global sukuk market is expected to grow 141% to reach US$292 billion in issuances by 2016, up from US$121 billion in 2012

The market for Shari'a compliant project finance in the Middle East has grown significantly over the past decade, with a number of landmark transactions being closed in the region. Whilst the last couple of years has seen some challenging times for raising...

The current unprecedented level of interest in Islamic finance has been generated by a growth in the wealth of a number of Islamic states, together with a change in the socio political climate over the last few years. The global Islamic financial services market...

Despite the difficulties that continue to hinder the global financial markets, Islamic finance has continued to grow since 2010, when global Islamic finance assets were valued at US$1 trillion. Standard & Poor's expects the industry to double in size...

Introduction and general overview The recent economic crisis has thrown the spotlight on Shari'a compliant investment funds as an alternative form of investment management. These prohibit speculation and instead promote taking an interest in a company...

Recent amendments to the DIFC Law No. 4 of 2005 (Employment Law) came into force from 23 December 2012. These amendments have important implications for companies operating in the Dubai International Financial Centre (DIFC), particularly in respect of non-discrimination...

The Chief Justices of the DIFC Courts and the Commercial Court of the Queen's Bench Division, England and Wales (Commercial Court), recently concluded a Memorandum of Guidance regarding the conditions upon which each of those courts will enforce monetary...

This note outlines basic choice of jurisdiction options available in the United Arab Emirates (UAE). The UAE is a seven-Emirate federation that operates under a civil law system. Therefore, statutes are the primary source of law and there is no doctrine of...