ABU DHABI // The capital's health-research strategy was at the top of the agenda yesterday during a meeting of Abu Dhabi Executive Council.
The focus was on the scientific, medical and pharmacological fields that aim to improve the population's standard of health.
The council's executive committee reviewed the details of the strategy and implementation mechanisms at the meeting, which was chaired by Mohammed Ahmed Al Bowardi, a council member.
The meeting stressed the importance of developing a scientific research system in the emirate, in line with economic and social developments through creativity and innovation in the sectors of science, health and medical and pharmaceutical sciences.
The meeting also reviewed a number of other topics and memoranda filed by government agencies in the emirate.
newsdesk@thenational.ae
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Founder: Kamal Nazha
Based: Dubai
Founded: 2020
Number of employees: 5
Sector: Technology
Funding: $450,000
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Sukuk are Sharia-compliant financial certificates issued by governments, corporates and other entities. While as an asset class they resemble conventional bonds, there are some significant differences. As interest is prohibited under Sharia, sukuk must contain an underlying transaction, for example a leaseback agreement, and the income that is paid to investors is generated by the underlying asset. Investors must also be prepared to share in both the profits and losses of an enterprise. Nevertheless, sukuk are similar to conventional bonds in that they provide regular payments, and are considered less risky than equities. Most investors would not buy sukuk directly due to high minimum subscriptions, but invest via funds.
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