White paper on ESCA-DIEDC Roundtable on Retail and AED Sukuk



White paper on ESCA-DIEDC Roundtable on Retail and AED Sukuk

Description

This first round-table was dedicated to ascertain the causes for the lack of issuance of local currency sukuk in the UAE and the recommendations to promote them.


Executive Summary

This white paper covers the following topics: 1. Local currency AED and retail sukuk 2. Challenges for promoting AED sukuk 3. Regulation 4. Settlement and Trading 5. Sharia structures: standardisation vs. innovation 6. Sources of investment into AED sukuk 7. Government to create yield curve by issuing first AED sukuk 8. Corporate sector 9. Standardisation and reduced cost for sukuk issuance 10. Demand and supply, creating the AED sukuk product 11. Experience of other countries 12. Importance of local rating agencies