The Union of Arab Securities Authorities (UASA) has published general guiding principles for the issuance and listing of Sharia-compliant sukuk in Arab capital markets. The principles are positioned as a reference for regulators in member countries to support the development of Islamic capital markets and align legal and supervisory approaches, consistent with UASA’s Strategic Plan for 2021–2025. Developed by a dedicated working group established by UASA’s Board at its eighteenth meeting in Doha in 2024, the framework draws on member-country legislation and best practices and broader regional experience in Islamic finance. It sets out chapters covering regulatory and supervisory frameworks for issuing, offering, listing and trading Islamic sukuk, alongside governance, investor protection, market innovation, risk management and crisis response mechanisms, with an emphasis on enhancing transparency and credibility and supporting cross-border investment flows and Arab market integration.
Union of Arab Securities Authorities 2025-07-02
Union of Arab Securities Authorities publishes guiding principles for issuing and listing Sharia-compliant sukuk in Arab capital markets
The Union of Arab Securities Authorities published guiding principles for Sharia-compliant sukuk issuance and listing in Arab capital markets to support Islamic capital market development and align regulatory approaches across member countries. Developed by a working group, the framework covers regulatory, supervisory, governance, investor protection, and market innovation aspects to enhance transparency and support cross-border investment and Arab market integration.