The application of AAOIFI standards as directed by the Higher Shari’ah Authority (HSA) of the Central Bank of the UAE has considerably impacted the overall banking system within the UAE and to some extent the rest of the GCC. Despite the progress that has been made on the Sukuk and term financing fronts, there is yet more work required for liquidity management products such as Islamic repurchase agreements (Islamic repos). There are currently two key Islamic structures mimicking the economic....