Question
Which of the following global financial centers is
known for its Islamic finance and Shariah-compliant products?Solution
Dubai is a leading global financial center that has emerged as a hub for Islamic finance and Shariah-compliant products. The city is home to several Islamic banks, takaful companies, and Islamic finance institutions, and has become a key center for sukuk issuance. The Dubai International Financial Centre (DIFC), established in 2004, has played a crucial role in developing Dubai's financial sector and has become a major financial hub in the Middle East region.
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