Dialogue One: Shariah Compliant Asset Management and Islamic Capital-Raising in Saudi Arabia

Robust treasury management is essential to both conventional and Islamic banks. Banks with strong treasury capabilities are able to position themselves effectively against liquidity and market risks which impact performance and threaten survival during periods of extreme stress, such as the Global Financial Crisis, 2007-9.

The Annual Investment Meeting (AIM) announces AIM 2022 to enhance the attraction of foreign investments in the vital and promising sectors in light of the new global trends.

Following on from the successful Arab Health Conference & Exhibition 2022, join us for a virtual panel discussion on Thursday 24 February in collaboration with Bevan Brittan, Healthcare World, KPMG and DIT.

Financial engineering and product development from an Islamic perspective go well beyond the basic tenets of conventional finance. The principles upon which Islamic financial engineering and product development are built are deeply rooted in the teachings of Shariah, and in particular, the rulings of the principles of usoul al fiqh, or Islamic jurisprudence.

Pharmaceutical products can be incredibly time consuming and costly to develop. Pharma companies often bear losses when they undertake research and development to produce vaccines. Consequently, the prices of vaccines must be set at a level to help companies not only recoup their investments in developing a successful vaccine, but also to compensate them for any losses suffered in the failed pursuit of finding treatments for other illnesses.

The Saudi Food & Drug Authority (“SFDA”) recently published guidance on artificial intelligence and ‘Big Data’ in the context of medical devices: Guidance on the Review and Approval of Artificial Intelligence and Big Data based Medical Devices (“AI Guidelines”). The AI Guidelines are to be read in conjunction with the SFDA’s Guidance on Software as a Medical Device.

Maintaining competition within the marketplace is vital both to ensure enhanced consumer welfare, and a thriving economy. In 2018, the Kingdom of Bahrain (“Bahrain”) introduced Law No. 31 of 2018, the Competition Promotion and Protection Law (the ‘Competition Law’) which regulates anti-competitive practices in the market, and which is aligned to the rest of the GCC countries’ competition law regimes.

Maintaining competition within the marketplace is vital both to ensure enhanced consumer welfare, and a thriving economy. In 2018, the Kingdom of Bahrain (“Bahrain”) introduced Law No. 31 of 2018, the Competition Promotion and Protection Law (the ‘Competition Law’) which regulates anti-competitive practices in the market, and which is aligned to the rest of the GCC countries’ competition law regimes.

Recently, Dubai welcomed a new legislative development, of relevance to businesses operating or intending to operate in the Dubai Healthcare City (“DHCC”).