DFM Welcomes Delegation from Indonesia

Dubai, MINA – Dubai Financial Market (DFM) received a high-level delegation from Indonesia Stock Exchange (IDX) as well as Indonesian media corporations. The visit underlines Indonesia’s interest to learn from Dubai’s successes in developing Islamic capital markets, gulftoday.ae reported.

Khalifa Rabaa, Deputy Head of Operations Division has welcomed Dr Tito Sulistio, Chief Executive Officer of IDX and the visiting delegates, in the presence of senior representatives from DFM and Dubai Islamic Economy Development Centre (DIEDC).

The 25 delegates attended detailed presentations on Dubai’s achievements as the capital of Islamic Economy. Asma Lootah, Vice President- Head of Internal Control Department of DFM shed light on DFM’s successful journey as the first sharia compliant exchange globally since 2007 and its pivotal role in creating a favorable framework for the Islamic capital markets through its diversified range of standards for shares, Sukuk and hedging.

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Additionally, Saeed Kharbash, Head of Strategy & Planning, Dubai Islamic Economy Development Centre (DIEDC) has explained the center’s strategy to further strengthen the Islamic economy sector and the numerous initiatives Dubai has launched to promote growth in various sectors such as Islamic Finance, Halal food and tourism.

The visiting delegates expressed interest in exploring the possibility of benefiting from Dubai’s experiences and success story in this field.

Essa Kazim, Chairman of DFM said: “Dubai has succeeded in positioning itself as the capital of Islamic Economy shortly after the launch of its initiative in 2013, due to its deep-rooted legacy in this field as well as the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai.

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The Emirate have become the leading Sukuk listing hub globally with a value of nearly $53 from local, regional and international issuers, including the Government of Indonesia, due to its world-class regulations and ability to connect issuers and investors across the world. T/RS5/RS1)

Mi’raj Islamic News Agency (MINA)