Dubai DFM issues new regulations for Repo and Murabaha transactions | ZAWYA MENA Edition:
"Dubai Financial Market, DFM, has announced issuing two new regulations that pave the way for market participants to implement both repurchase agreements, Repo, and Islamic Murabaha transactions, in conjunction with the approval given by the Securities and Commodities Authority, SCA. The regulations have been outlined in line with the international best practices as well as in full coordination with various market participants. Accordingly, DFM investors may utilise the two mechanisms to transfer their DFM listed securities as part of a Repo transaction or an Islamic Murabaha transaction with Shariah compliant financial institutions. The DFM may now process requests for transfer of securities listed on DFM for Repo transactions between a Repo seller and a Repo buyer, who have agreed on a repurchase agreement in accordance with DFM requirements."
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