The Dubai Chamber of Commerce and
Industry has announced that Thomson Reuters, in conjunction with the Dubai
Islamic Economy Development Center (DIEDC) and the National Bonds Corporation
(NBC), has presented key findings from the Liquidity Management through Sukuk
teaser report.
“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.
