Thursday 21 May 2009

DIFC seminar series explores bonds and Sukuks

The Dubai International Financial Centre (DIFC) today hosted a seminar to highlight the infrastructure and support it provides organisations seeking to attract investment through bonds and Sukuks (Shari’a-compliant bonds).

Titled ‘Structuring and Issuing Bonds and Sukuks, the seminar was the fourth event that formed part of the DIFC Knowledge Series, a regular series of seminars organised by DIFC to raise awareness about its infrastructure, regulations and business support services. Senior officials from DIFC Authority, and the Dubai Financial Services Authority spoke at the event.

Abdulla Al Awar, Managing Director of DIFC Authority said: “Bonds and Sukuks have become a vital financing tool for companies and governments in emerging markets. Well-functioning local bond and Sukuk markets reduce exclusive reliance on bank loans. They also widen the set of financial instruments available for savers and investors and broaden investment opportunities.

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