ABU DHABI, (Pakistan Point News - 05th Jun, 2018) Sultan bin Saeed Al Mansouri, Minister of Economy and Chairman of the Board of Directors of the Securities and Commodities Authority, SCA, has issued a resolution regarding the offer and issuance of Islamic securities,Sukuk, which will come into effect after 30 days of being published in the official Gazette.
The resolution includes six articles. The first relates to the Shariah Supervisory Committee, which is the legitimate board for Islamic securities that has a minimum of three members.
Other articles refer to offering or issuing Islamic securities both inside and outside the country, as well as prospectus and other terms and conditions required by foreign applicants.
