News

Nasdaq Dubai to permit retail investment in sukuk

Individuals will be allowed to invest in Islamic bonds on Nasdaq Dubai by 2019, according to remarks from its chief executive. The exchange is in talks with the Dubai International Finance Centre (DIFC), the industry watchdog, about developing a “product which provides a minimal investment limit” and “sharia-compliant interest rate”, said Hamed Ahmed Ali to the Al-Bayan newspaper. The technical infrastructure for such a product is being prepared with the aim of producing a simplified system for the retail investment market, he added. Efforts have been made over the last few years to expand the Islamic bond market beyond its current institutional market. In April this year, the Dubai Islamic Economy Development Centre, a body which promotes the government’s Islamic finance initiatives, announced it was working with Nasdaq Dubai to introduce sukuk instruments for retail investors. ©2018 funds global mena

Executive Interviews

INTERVIEW: ‘Financing is the blood of Iran’s economy’

Amid a fresh wave of American sanctions, Romil Patel spoke to Meysam Hamedi, director of financial markets and instruments at Iran’s Securities & Exchange Organization (SEO).

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In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...

Roundtables

South Africa asset management roundtable: Global rebound on ice

Experts discuss the investment implications of the coronavirus pandemic, a delayed rebound in global growth and dealing with South Africa’s energy issues head on. Chaired by Romil Patel in Cape Town.

South African roundtable: Taking the bull by the horns

Our panel discusses Chinese investment in Africa, financial institutions’ contribution to economic sustainability and regulatory concerns. Chaired by Romil Patel in Cape Town.