Shari'a Compliance: The Authoritative Voice
We take pride in being the first financial market globally to operate in accordance with the principles of Shari'a Law—and we remain committed to the values of Shari’a in all aspects of our operations.
The following set of standards were prepared by a dedicated in-house Shari'a Committee and approved by a group of third-party experts and specialists to ensure full compatibility with Shari'a Law across all DFM activities, products and services.
Standard 1Issuing, Acquiring and Trading Shares
Standard 1Issuing, Acquiring and Trading SharesDownloadStandard 1Issuing, Acquiring and Trading SharesDownload
We aim to enable investors to identify Shari’a-compliant listed companies. Our Standard No. 1 document details all parameters for acquiring and trading in company shares, along with the rules for excluding prohibited income, and general provisions.
Standard 1Issuing, Acquiring and Trading SharesStandard 1
Download Standard No. 1 Full DocumentStandard 1Issuing, Acquiring and Trading SharesStandard 1
Addendum No. 1 for the DFM Shari’a Standard of Issuing, Acquiring and Trading SharesStandard 2DFM Standard for Issuing, Acquiring and Trading SukukStandard 2DFM Standard for Issuing, Acquiring and Trading SukukDownload
The Standard No. 2 document covers the definitions, types, parameters, and listing requirements for Sukuk, as well as the terms, conditions and characteristics for Green Sukuk.
Standard 2DFM Standard for Issuing, Acquiring and Trading SukukStandard 2
Download Standard No. 2 Full DocumentStandard 3DFM Standard for Hedging Against Investment and Finance Risks Standard 3DFM Standard for Hedging Against Investment and Finance Risks Download
Given the increasing importance of hedging and its significance for economic activities, the DFM issued a standard on Hedging Against Investment and Finance Risks, a first-of-its-kind all inclusive standard which will form a point of reference for Islamic banks and financial institutions to safeguard their funds without violating the rules of Shari’a.
Standard 3DFM Standard for Hedging Against Investment and Finance Risks Standard 3
Download Standard No. 3 Full Document