FUTURE FINANCE & FUNDING UAE ISLAMIC FINANCE

Abdulla Mohammed Al Awar

4/3/2017

Although, it is believed the first sukuk was issued in 1775 in the Ottoman Empire and the core Islamic economic principles found in Islamic finance have been practised by Muslims involved in commerce as far back as the Middle Ages, modern Islamic Finance is a relatively new area of law. This means this is not an area where you will find large volumes of detailed legislation or reams of case law to help inform legal practitioners. However, I’m proud to say that Dubai was one of the first countries to respond to the need for modern Islamic Finance