The Dubai Financial Services Authority (DFSA) licenced and registered a record 117 firms in 2023, an increase of 25% from the previous year.
The regulator saw a notable increase in asset and hedge fund managers establishing presence in the DIFC, with the latter registering 125% year-on-year growth.
“Our aim is to become a global benchmark as an international regulatory body, delivering excellence in tandem with the government’s strategic vision – including Dubai Economic Agenda D33,” said Fadel Al Ali, Chairman of the DFSA. “As we set our sights higher for 2024, we aim to stand firm on our four strategic pillars – delivery, engagement, innovation, and sustainability.”
As of November 2023, Nasdaq Dubai, the DIFC’s exchange, holds the world’s largest listed ESG sukuk market, valued at $27 billion, including more than 60% of US-denominated ESG sukuk. Nasdaq Dubai remains the world’s second-largest venue for the listed sukuk market. Â
