“Since the launch of our leadership’s Dubai: Capital of Islamic Economy vision, we have been working with our stakeholders and strategic partners towards developing Islamic finance instruments and reinforcing the significant role of existing instruments such as Sukuk in the growth of Islamic finance,” Abdulla Al Awar, CEO of Dubai Islamic Economy Development Center, said. “As part of our efforts, we have also been supporting studies and researches that catalyze the development of the Islamic economy ecosystem.”
Islamic liquidity management instruments have been lacking throughout the history of modern Islamic banking. The report addresses this, discussing the key challenges facing liquidity management in Islamic finance.
“In line with our strategy to nurture financial literacy in the UAE and offer efficient low-risk financial products, we are pleased to contribute to this report that provides the answer to a crucial question related to the efficiency of liquidity and stability of the financial sector as a whole,” Mohammed Al Ali, CEO of National Bonds Corporation, said.