Shares of Damac Properties are Sharia-compliant for the purposes of investment and trading, according to Dar Al Sharia Islamic Finance Consultancy. The decision follows a review of activities and financial ratios to ascertain Damac’s compliance with the principles of Sharia as set out under the Accounting and Auditing Organisation for Islamic Financial Institution (AAOIFA) Sharia Standards, Dubai Financial Market (DFM) Sharia Standard, and the generally accepted Sharia principles. The certification may help Damac raise funds in the future, through the inclusion of entities seeking Sharia-compliant seeking to the pool of potential lenders/investors. (Arabian Business, Mai Attia, Sara Boutros)   DAMAC: AED2.23 as of 19 October 2016, Rating: Neutral, FV: AED2.30 per share, MCap: USD3,676mn, DAMAC UH / DAMAC.DU