Search for:
Category

Dubai

Category
In Cybersecurity, Data and Tech

United Arab Emirates: Dubai AI Seal identifying trusted AI providers

by and 3 Mins Read

The Dubai Centre for Artificial Intelligence has launched a new accreditation known as the Dubai AI Seal (“Seal”), which aims to provide companies with a seal of approval regarding their AI solutions. The Seal is aimed at companies licensed in the Emirate of Dubai and who provide AI-related products and services. The launch of the scheme aligns with the Dubai Universal Blueprint for Artificial Intelligence, a government policy that serves as a roadmap for the acceleration of AI adoption in the UAE.

Read More
In AML & Financial Services Regulatory

United Arab Emirates: Shariah Standard 62 – Much ado about nothing?

by and 5 Mins Read

AAOIFI released a Sukuk exposure draft in early November 2023 in response to a rapid increase in the use of Sukuk and the development of the market in the past decade. A key change in the draft standard is that it requires an actual transfer of ownership to occur under an Ijara Sukuk investment. It is unclear what the appetite will be for asset-backed Ijara Sukuk if the standards are tightened and whether, at this stage, the standard will pass.