{"id":52822,"date":"2023-04-17T08:00:00","date_gmt":"2023-04-17T08:00:00","guid":{"rendered":"https:\/\/finsbury-associates.com\/?p=52822"},"modified":"2023-03-28T18:59:47","modified_gmt":"2023-03-28T18:59:47","slug":"updates-announced-to-the-uae-family-law","status":"publish","type":"post","link":"https:\/\/finsbury-associates.com\/updates-announced-to-the-uae-family-law\/","title":{"rendered":"[3-min read] Updates announced to the UAE Family Law for Non-Muslim Expatriates"},"content":{"rendered":"\n\n\n[et_pb_section fb_built=”1″ _builder_version=”4.14.8″ _module_preset=”default” custom_padding=”15px|||||” global_colors_info=”{}”][et_pb_row _builder_version=”4.14.8″ _module_preset=”default” custom_padding=”20px|||||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.14.7″ _module_preset=”default” global_colors_info=”{}”][et_pb_text content_tablet=”

Further to our market update webinar on the 7th February 2022, please find below some further commentary from one of our discretionary portfolio managers Quilter Cheviot on the Russian & Ukraine conflict published on the 24th February.<\/strong><\/strong><\/h4>\n

<\/strong><\/p>\n

Published on 24th February 2022<\/em><\/p>\n

<\/strong><\/p>\n

Investors have had a lot thrown at them in recent months, with the emergence of the Omicron variant, rising inflation worries, and the prospect of higher interest rates. To these concerns, we can now add the Russian invasion of Ukraine which, aside from the likelihood of human suffering, poses geopolitical dangers for the West and threatens to make our inflation problems worse. Clearly, it is a fast-moving situation which could change very quickly but, at the time of writing, Russia\u2019s military has launched air and missile attacks across Ukraine as well as land incursions in some areas. This followed Vladimir Putin\u2019s formal recognition of the independence of the breakaway republics in Eastern Ukraine and their request for military support.<\/strong><\/p>\n

<\/strong><\/p>\n

Markets have been volatile in the build-up to the crisis with geopolitical tensions exacerbating investor concern about the prospect of higher interest rates. Central banks look set to end years of quantitative easing and ultra-low rates as they attempt to get a grip on rising inflation, taking away what has been an important support for markets. There had been some light at the end of the tunnel, with economists forecasting that the peak in inflation was around the corner as the impact of the pandemic wanes. However, this peak could get pushed back if oil, gas and other commodity prices continue to rise on the back of the Ukraine crisis. Clearly, one of the big risks would be an interruption in the Russian gas supply to Europe.<\/p>\n

Volatility is likely to continue in the coming days, though history does give us some comfort that markets should eventually shrug off these geopolitical concerns and recover. During the Crimean annexation of 2014, investors experienced some volatility, but global equities soon resumed their upward trend as the crisis subsided. Going<\/p>\n

back further, global markets had a difficult time in the run-up to the US-led invasion of Iraq but bottomed about a week before the troops went in and spent the rest of the year going up steadily. And even further back, there was a big drop in bourses during the Iraqi invasion of Kuwait in August 1990 when the oil price doubled but markets soon stabilised afterwards. Clearly, all geopolitical events are different and this one is particularly serious, but we are confident that markets will bounce back once tensions subside.<\/p>\n

In terms of what we are doing in client portfolios, we continue to take a long-term approach and favour a broad mix of internationally diversified equities alongside lower risk alternatives and fixed income. We have been gradually rotating into sectors that should benefit from higher interest rates such as banks as well as energy companies. However, we continue to favour longer-term growth companies with strong franchises and will look to take advantage of any prolonged volatility. While we are still cautious on bonds our fixed income holdings remain focused on liquidity, security and providing diversification from equities. Rest assured that we are monitoring developments closely.<\/p>\n

<\/p>\n

Disclaimer:<\/span>
\u201cInvestors should remember that the value of investments, and the income from them, can go down as well as up and that past performance is no guarantee of future returns. You may not recover what you invest.<\/span><\/p>\n


Quilter Cheviot and Quilter Cheviot Investment Management are trading names of Quilter Cheviot Limited. Quilter Cheviot Limited is registered in England with number 01923571, registered office at Senator House, 85 Queen Victoria Street, London, EC4V 4AB. Quilter Cheviot Limited is a member of the London Stock Exchange and authorised and regulated by the UK Financial Conduct Authority. Quilter Cheviot Limited has established a branch in the Dubai International Financial Centre with number 2084 which is regulated by the Dubai Financial Services Authority. Quilter Cheviot Limited is regulated by the Jersey Financial Services Commission for the conduct of investment business and funds services business in Jersey and by the Guernsey Financial Services Commission to carry on investment business in the Bailiwick of Guernsey. Accordingly, in some respects, the regulatory system that applies will be different from that of the United Kingdom.<\/span>\u201d<\/span><\/p>” content_phone=”

Further to our market update webinar on the 7th February 2022, please find below some further commentary from one of our discretionary portfolio managers Quilter Cheviot on the Russian & Ukraine conflict published on the 24th February.<\/strong><\/strong><\/h4>\n

<\/strong><\/p>\n

Published on 24th February 2022<\/em><\/p>\n

<\/strong><\/p>\n

Investors have had a lot thrown at them in recent months, with the emergence of the Omicron variant, rising inflation worries, and the prospect of higher interest rates. To these concerns, we can now add the Russian invasion of Ukraine which, aside from the likelihood of human suffering, poses geopolitical dangers for the West and threatens to make our inflation problems worse. Clearly, it is a fast-moving situation which could change very quickly but, at the time of writing, Russia\u2019s military has launched air and missile attacks across Ukraine as well as land incursions in some areas. This followed Vladimir Putin\u2019s formal recognition of the independence of the breakaway republics in Eastern Ukraine and their request for military support.<\/strong><\/p>\n

<\/strong><\/p>\n

Markets have been volatile in the build-up to the crisis with geopolitical tensions exacerbating investor concern about the prospect of higher interest rates. Central banks look set to end years of quantitative easing and ultra-low rates as they attempt to get a grip on rising inflation, taking away what has been an important support for markets. There had been some light at the end of the tunnel, with economists forecasting that the peak in inflation was around the corner as the impact of the pandemic wanes. However, this peak could get pushed back if oil, gas and other commodity prices continue to rise on the back of the Ukraine crisis. Clearly, one of the big risks would be an interruption in the Russian gas supply to Europe.<\/p>\n

Volatility is likely to continue in the coming days, though history does give us some comfort that markets should eventually shrug off these geopolitical concerns and recover. During the Crimean annexation of 2014, investors experienced some volatility, but global equities soon resumed their upward trend as the crisis subsided. Going<\/p>\n

back further, global markets had a difficult time in the run-up to the US-led invasion of Iraq but bottomed about a week before the troops went in and spent the rest of the year going up steadily. And even further back, there was a big drop in bourses during the Iraqi invasion of Kuwait in August 1990 when the oil price doubled but markets soon stabilised afterwards. Clearly, all geopolitical events are different and this one is particularly serious, but we are confident that markets will bounce back once tensions subside.<\/p>\n

In terms of what we are doing in client portfolios, we continue to take a long-term approach and favour a broad mix of internationally diversified equities alongside lower risk alternatives and fixed income. We have been gradually rotating into sectors that should benefit from higher interest rates such as banks as well as energy companies. However, we continue to favour longer-term growth companies with strong franchises and will look to take advantage of any prolonged volatility. While we are still cautious on bonds our fixed income holdings remain focused on liquidity, security and providing diversification from equities. Rest assured that we are monitoring developments closely.<\/p>\n

<\/p>\n

Disclaimer:<\/span>
\u201cInvestors should remember that the value of investments, and the income from them, can go down as well as up and that past performance is no guarantee of future returns. You may not recover what you invest.<\/span><\/p>\n


Quilter Cheviot and Quilter Cheviot Investment Management are trading names of Quilter Cheviot Limited. Quilter Cheviot Limited is registered in England with number 01923571, registered office at Senator House, 85 Queen Victoria Street, London, EC4V 4AB. Quilter Cheviot Limited is a member of the London Stock Exchange and authorised and regulated by the UK Financial Conduct Authority. Quilter Cheviot Limited has established a branch in the Dubai International Financial Centre with number 2084 which is regulated by the Dubai Financial Services Authority. Quilter Cheviot Limited is regulated by the Jersey Financial Services Commission for the conduct of investment business and funds services business in Jersey and by the Guernsey Financial Services Commission to carry on investment business in the Bailiwick of Guernsey. Accordingly, in some respects, the regulatory system that applies will be different from that of the United Kingdom.<\/span>\u201d<\/span><\/p>” content_last_edited=”off|desktop” _builder_version=”4.14.8″ _module_preset=”default” header_4_line_height=”1.5em” global_colors_info=”{}”]

Updates announced to the UAE Family Law for Non-Muslim Expatriates<\/b><\/h2>\n

<\/span><\/p>\n

A series of new UAE family laws announced in December 2022 came into effect in February this year, covering changes to UAE family laws such as marriage, divorce, child custody and inheritance for non-Muslim expats. The new UAE family law also regulates procedures for inheritance, wills and proof of paternity.<\/span><\/p>\n

“It organises the procedures for settling the financial claims after divorce, and the arrangement of joint custody for the children,” the UAE Government Media Office<\/a> said in a statement.<\/span><\/p>\n

So what exactly does the new UAE Family law cover?<\/span><\/p>\n

<\/span><\/p>\n

Introduction of \u201cNo Fault\u201d Divorce<\/b><\/h2>\n

<\/span><\/p>\n

The introduction of this \u201cno fault\u2019 divorce enables a divorce to be granted based on the will of a spouse to end the marriage and doesn\u2019t need justification or proof of wrongdoing from either party. The divorce will now take place in the first session upon registration of the lawsuit before the court, without the need to refer the case to the family guidance department.<\/span><\/p>\n

<\/span><\/p>\n

Alimony<\/b><\/h2>\n

<\/span><\/p>\n

Post-divorce, a wife can submit a court request claiming alimony from her former husband. If an agreement is not reached on the conditions or controls of such alimony or any other financial support in the marriage contract, the support and its duration shall be determined based upon the assessment of multiple factors including years of marriage, age of the wife, economic status, financial damage and more.<\/span><\/p>\n

<\/span><\/p>\n

The Introduction of Joint Custody<\/b><\/h2>\n

<\/span><\/p>\n

Parents will receive joint and equal custody of their children following a divorce, and a dispute resolution process will be implemented. If a custody disagreement arises, the court can be called upon to make a determination based on the child’s best interests, which will always be the primary consideration.<\/span><\/p>\n

Prior to this, mothers were only granted custody of their sons until they turned 11 and their daughters until they turned 13, at which point the father could seek custody.<\/span><\/p>\n

<\/span><\/p>\n

Inheritance<\/b><\/h2>\n

<\/span><\/p>\n

A new law has been implemented if expat Non Muslims were to pass away intestate. In the event that a person dies without a will, their surviving spouse will receive half of their estate, while the other half will be distributed equally among their children. Previously the case was handled by a Sharia-based domestic court system and a son would receive a greater portion of the inheritance and parents would be included in the inheritance.<\/span><\/p>\n

 <\/p>\n

Proof of Paternity<\/b><\/h2>\n

<\/span><\/p>\n

The recent UAE Family Law stipulates that paternity for non-Muslims will be based on either marriage or the recognition of paternity. If the parents’ identity is unknown, DNA tests will be conducted to establish paternity.<\/span><\/p>\n

Earlier this year, new regulations were implemented to enable unmarried mothers to obtain birth certificates for their babies. Previously, legal registration of the child required the presence or confirmation of a husband.<\/span><\/p>\n

If you would like further information on how the new UAE Family Law may affect your portfolio and succession planning, please get in touch<\/a><\/span>.<\/span><\/p>\n

Note: Whilst we have endeavoured to ensure that the above information is correct, this should not be construed as legal advice.<\/span><\/p>\n

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Updates announced to the UAE Family Law for Non-Muslim Expatriates A series of new UAE family laws announced in December 2022 came into effect in February this year, covering changes to UAE family laws such as marriage, divorce, child custody and inheritance for non-Muslim expats. The new UAE family law also regulates procedures for inheritance, […]<\/p>\n","protected":false},"author":1,"featured_media":52815,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","cybocfi_hide_featured_image":"","footnotes":""},"categories":[61,27],"tags":[],"_links":{"self":[{"href":"https:\/\/finsbury-associates.com\/wp-json\/wp\/v2\/posts\/52822"}],"collection":[{"href":"https:\/\/finsbury-associates.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finsbury-associates.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finsbury-associates.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finsbury-associates.com\/wp-json\/wp\/v2\/comments?post=52822"}],"version-history":[{"count":10,"href":"https:\/\/finsbury-associates.com\/wp-json\/wp\/v2\/posts\/52822\/revisions"}],"predecessor-version":[{"id":52838,"href":"https:\/\/finsbury-associates.com\/wp-json\/wp\/v2\/posts\/52822\/revisions\/52838"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finsbury-associates.com\/wp-json\/wp\/v2\/media\/52815"}],"wp:attachment":[{"href":"https:\/\/finsbury-associates.com\/wp-json\/wp\/v2\/media?parent=52822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finsbury-associates.com\/wp-json\/wp\/v2\/categories?post=52822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finsbury-associates.com\/wp-json\/wp\/v2\/tags?post=52822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}