On the UAE level, debt collection is regulated with use of federal laws and regulations, also individual emirates’ legal particularities. It is also important to know all the legal requirements that are acted in the collection of debts between the borrowing party and the lending party. Legal Framework Civil Code and Commercial Code: The laws...Read More

Main sources of distinction of Islamic finance are discussed below: Money and other financial instruments must be free of uncertainty or risk (Gharar) Contracts cannot involve any element of speculation or a sale based on an increase in the price of the subject of the contract (Maisir) The payment system of Islamic finance is based...Read More

The issue of debt management can be regarded as one of the most sensitive and important in the context of the UAE, which is characterised by the further velocity of the financial and credit market. As evidenced by the access to credit facilities as well as loans, there are different traps into which many people...Read More

Debt in the UAE is a complex issue especially due to the rising financial complexity of the country though having a plan on how to pay debt is a wise step towards financial liberty. Below are some guidelines that can lead to the formulation of a good plan based on the Principles of accounting to...Read More

Dubai, a city synonymous with opulence and opportunity, is home to a diverse population striving for success. However, financial challenges can cast a shadow over even the most ambitious dreams. Debt consolidation is a potential solution, but before taking that leap, certain steps are essential to ensure a smoother journey toward financial freedom in the...Read More

In the bustling cityscape of the UAE, financial challenges are not uncommon. For many individuals juggling multiple debts, the prospect of debt consolidation can be a beacon of hope. However, selecting the right plan in the labyrinth of options can be confusing. In this blog, we’ll break down the process into simple steps, guiding you...Read More

Debt – it’s a word that can make anyone uneasy. In the dazzling city of Dubai, where dreams are built as high as the Burj Khalifa, the reality of managing finances can sometimes be challenging. One potential solution that often gets a bad rap due to misconceptions is debt consolidation. Let’s unravel the truths and...Read More

In the lively and rich city of Dubai, managing financial commitments can sometimes become vast due to the complexities of various loans, debts, and commitments. For persons and businesses seeking a more manageable and organized approach to their finances, debt consolidation offers a planned solution. This process involves merging multiple debts into a single loan,...Read More

Regaining Financial Control through Strategic Solutions In the vibrant and international city of Dubai, credit cards have become an important tool for handling daily expenses, indulging in luxury, and grabbing opportunities. However, as financial circumstances shift and unexpected challenges arise, some individuals find themselves dealing with intensifying credit card debt that turn out to be...Read More

Dubai is well known for its wealth and financial power, and private lending has become an integral part of the financial landscape. Unlike elsewhere, personal debt settlement in Dubai usually involves negotiating with your lender to resolve your outstanding debt in a mutually agreeable manner. These loans enable individuals to fulfill their dreams and ambitions,...Read More