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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
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Islamic Finance Rules (IFR) [VER13/12-18]
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(2 versions)
Mar 1 2010 - Jul 10 2010Jul 11 2010 onwards

IFR 6.2.2

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.

(1) Subject to (2), the Fund ManagerG of a FundG must document the Fund'sG policy in relation to:
(a) how appointments, dismissals or changes will be made to the Shari'a Supervisory BoardG ;
(b) the process through which the suitability of Shari'a Supervisory BoardG members will be considered; and
(c) the remuneration of the members of the Shari'a Supervisory BoardG .
(2) If the Fund ManagerG , pursuant to IFR Rule 6.2.1(2), appoints to the FundG the same Shari'a Supervisory Board it has appointed to the firm, the documents required under IFR Rule 6.2.2(1) must be included in or otherwise form part of the records required under IFR Rule 3.5.2.
Derived from DFSA RM69/2010 (Made 1st March 2010). [VER1/03-10]
[Amended] DFSA RM72/2010 (Made 11th July 2010). [VER2/07-10]