BRIEF-Dubai Financial Market Announces Joining of Salik to DFM Sharia Index,
Dubai, the city of dreams and a bustling hub for investors from all around the world,
we’ll be exploring one of the most important aspects for anyone navigating through Dubai’s roads.
The Salik system is a toll-based road network that allows you to travel
on some main highways in Dubai without having to stop at toll booths or barriers.
All you need is an electronic tag attached to your car’s windscreen
and register your account with Salik it really couldn’t be easier!
Topics
Navigating the Roads of Dubai
Salik Joins DFM Sharia Index
What are the different types of Salik violations you may face?
Navigating the Roads of Dubai
This efficient payment method not only saves time
but also helps reduce traffic jams due to long queues at traditional toll booths.
And since there are no cash payments accepted,
it ensures greater security as well as convenience while travelling throughout the Emirate.
Salik also offers great discounts if you’re looking for value-for-money packages;
these include monthly passes which allow unlimited trips across certain routes during peak hours
when congestion levels can get quite high otherwise.
For frequent travellers who want even more savings over longer periods of time,
annual subscription plans are available too
perfect if you plan on making multiple trips within a year!
So, whether you’re just visiting or investing in Dubai’s vibrant economy,
make sure that Salik has got your back when it comes to convenient
yet secure travels throughout its wonderful cities and towns.
Salik Joins DFM Sharia Index
Investors in the Dubai Financial Market (DFM) have recently been given an exciting new opportunity
to diversify their portfolios and capitalize on a growing industry.
The DFM has announced that Salik, one of the leading Islamic financial institutions in the region,
will be joining its Sharia Index.
This is great news for investors looking to diversify their investments in Islamic financial products.
Salik’s inclusion in this index marks a major milestone for both Salik and DFM
as it provides investors with access to more diverse investment opportunities within Sharia-compliant markets.
With Salik’s addition, investors now have exposure to some of the most advanced Shariah-compliant
products available today such as Sukuk bonds,
Murabaha contracts and other innovative financing instruments
which can offer attractive returns while still adhering to ethical standards set by Islamic law.
The move also demonstrates DFM’s commitment towards
providing its customers with better options when it comes to investing according to Shariah principles
something that was previously not widely available before this announcement was made public.
By offering these services through an established institution like Salik,
DFMs clients are now able to take advantage of higher yields than they would
otherwise, get from traditional banking methods while still abiding by religious laws.
This is certainly good news for those looking at expanding their portfolio into Islamic finance markets
especially since many global banks are increasingly turning towards
these kinds of investments are due to increasing demand from clients all around the world!
We look forward to seeing how this partnership between two respected institutions
develops further over time and what kind of innovation it brings about!
What are the different types of Salik violations you may face?
was first introduced in 2007 as part of a government initiative to reduce congestion on roads.
As such, all vehicles must pay when passing through certain designated points known as ‘gates’
Failure to do so may result in fines or even jail time depending on the severity of the violation.
Not paying at gates:
This is perhaps one of the most common forms
and it occurs when drivers fail to make payment at any gate within their route
before exiting onto another road or destination point.
Depending on where you live in Dubai/UAE will determine which type(s) of payments need to be made.
Fines for not paying can range from AED 100-500 depending upon whether it’s your first offence or not.
Driving without valid registration documents:
All vehicle owners must have proof that their car has been registered
with RTA before being allowed access into any area with restricted entry points like airports etc…
Any driver caught driving without valid registration documents
will face hefty fines ranging from AED 500-2000 plus possible impounding fees if applicable.
Making illegal U-turns:
Drivers making illegal U-turns within areas marked
by no U-turn signs. may also face penalties including but not limited
to heavy traffic fines with 6 black points added to their license record.
Speeding & reckless driving:
Speed limits vary across different locations but generally speaking anything
over 80 mph could land drivers hefty fines alongside 4 black points added to their license records,
while those found guilty of speeding excessively above 140kmph
could find themselves facing jail time sentences up to 3 months long!
These are just some examples among many others to avoid getting entangled with…