Corporate Bond/Sukuk Regulations

The following are laws and regulations relating to bond and sukuk issuance in the GCC states.

GBSA has compiled these documents from official, public sources.  These documents are meant to be used as a source of general information and should not be construed as authoritative.  All such information is subject to change.  GBSA and its members disclaim any responsibility for the accuracy of the information, any duty to update this information, any reliance which may be made on this information and any liability arising directly or indirectly from it. The following links are available as down-loadable PDF files.

CBB Guidelines for Issuing, Offering and Listing of Debt Securities

Kuwait Law of Commercial Companies
Kuwait Law No. 7 of 2010 Capital Market Authority

Sukuk Regulation

Qatar Commercial Companies Law
Qatar Exchange Rulebook Admission & Issuers Obligations

Saudi Arabia
KSA CMA Offers of Securities Regulations
KSA CMA Listing Rules

United Arab Emirates
UAE SCA Decision 93R on Listing of Islamic Bonds
UAE SCA Decision 94R on Listing of Debt Securities
DIFC Markets Law No. 1 of 2012
DFSA Rulebook – Offered Securities Rules
NASDAQ Dubai DFSA Requirements and Procedures Debt Markets
NASDAQ Dubai Issuers and Securities Rules October 20 2011

NASDAQ Dubai Admission and Disclosure Standards for Issuers