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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Rulebook Modules
Islamic Finance Rules (IFR) [VER13/12-18]
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Financial Markets Tribunal

Whole SectionText only Print Print Manager Link

(2 versions)
Mar 1 2010 - Jul 10 2010Jul 11 2010 onwards

IFR 6 Guidance

Whole Section PDF

The definitive version of DFSA handbook text is the PDF version as that is the text of the instrument as made and published by the DFSA.

To view past versions of this module in PDF format, please visit the Archive.

This chapter contains additional requirements that apply to a Collective Investment FundG operated or held out as being operated as an Islamic FundG . A Collective Investment FundG is defined in Article 11 of the Collective Investment Law 2010 (the Law). The definition in Article 11 of the Law is very wide and can capture some Islamic financial activities. However, under Article 12 of the Law, the DFSA can make Rules excluding certain arrangements or types of arrangements from constituting a FundG . Certain types of Islamic Financial BusinessG are not regulated as Collective Investment FundsG due to express exclusions provided. Key Islamic Financial BusinessG related exclusions under the collective investment regime are Managing InsuranceG , participation rights evidenced by SukukG certificates and managing PSIAsG .

Derived from DFSA RM69/2010 (Made 1st March 2010). [VER1/03-10]
[Amended] DFSA RM72/2010 (Made 11th July 2010). [VER2/07-10]