DMCC Tradeflow Platform has announced that its Islamic unit fully complies with the rules and principles of Shariah, the guidelines established by the Accounting and Audit Organization for Islamic Financial Institutions (AAOIFI) and the regulatory requirements of the Shariah Higher Authority of the Central Bank of the United Arab Emirates.
This follows the appointment of the DMCC of a Shariah Supervision Board to supervise its Islamic finance offers. The Board carried out an extensive review of the processes, the structure and contractual framework of the platform before certifying that it was fully compatible with the Sharia.
DMCC strengthens the composition of Shariah
The Board will ensure that all transactions through the TradeLow DMCC adhere to the rules and principles of Shariah and the highest ethical and regulatory standards, confirming that it remains at the forefront of innovation and integrity in Islamic commercial finances.
The movement strengthens the DMCC position as a leading commercial financing platform that meets the Shariah. It will provide financial institutions for a greater guarantee and allow them to climb their Islamic commercial finance operations with confidence through DMCC Tradeflow.
The Board includes two academic Islamic finance academics with a deep experience in financial structures that meet the Shariah and the professors of Dr. Jassim al-Shamsi, president of the Shariah Supervision Board, and Prof. Mohammed Ali Al-Qari, member of the Shariah.
Ahmed Bin Sulayem, Executive President and Executive Director, DMCC, commented: “DMCC Tradeflow provides financial institutions for a safe, transparent and fully compatible mechanism with Sharia to facilitation based on basic products.
Islamic confidence platform
DMCC Tradeflow has been operating under the principles of Shariah since 2013, when he first received a Shariah compliance certification issued by the platforms, former Shariah advisor. The appointment of a new Shariah dedicated Supervision Board is based on this legacy, and also reinforced its commitment to adhere to the evolution of Islamic finance standards and best practices.
“In 2024 Alone, The Platform Recorded for 201.000 Islamic Finance Transactions with A Value of Aed1.4 Trillion (US $ 381.2 Billion). The Appaint of A Dedicated Shariah Supervisory Board Reinforces Confores Commitment and And and And and And and And And And And And And And And And And And and And and And And And And And And And And And And And And And And And And. and Islam and Islam and’s and and and and and Yy the defense, among financial institutions, further strengthening the position of Dubai as a global center for financial services that comply with the Sharia.
DMCC Tradeflow provides an online transparent platform for the registration of property or products stored in the facilities based in the EAU. It supports a wide range of financial transactions, with a private approach in the basic products of Muebaha, one of the most used and essential instruments in Islamic finances for liquuidity management.
A leading international commercial district that drives the global trade flow through Dubai, the center has more than 25,000 best multinationals and new high -impact companies registered with them.
