Dubai International Financial Centre
DIFC is a federal financial free zone. The DIFC was established in 2002, pursuant to UAE Federal Decree No. 35 of 2004, UAE Federal Law No. 8 of 2004 and Dubai Law No. 12 of 2004.
The DIFC has a physical territory of approximately 110 acres. It has its own legal system and courts distinct from the wider UAE, with jurisdiction over corporate, commercial, civil, employment, trusts, and securities law matters.
The DIFC is also home to a leading international stock exchange. NASDAQ Dubai has developed from equity-focused market to one which now offers a trading platform for structured financial products, equity derivatives, and Islamic Bonds.
DIFC is the wholesale center, primarily for Institutional Investors :
- Banking services
- Capital Markets
- Asset Management
- Insurance and Re-Insurance
- Islamic Finance
- Business processing Operations.