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Dubai Financial Services Authority (DFSA): Contents

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IFR 6.4.1

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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.

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(1) The Fund ManagerG of a Domestic FundG that is a Public FundG must perform an internal Shari'a review to assess the extent to which the FundG complies with fatwas, rulings and guidelines issued by the Fund'sG Shari'a Supervisory BoardG .
(2) The Fund ManagerG must perform the internal Shari'a review in accordance with AAOIFI GSIFI No. 3.
(3) The Fund ManagerG of an Umbrella FundG which has an Islamic Sub-FundG must, to the extent possible, perform the internal Shari'a review in accordance with AAOIFI GSIFI No. 3 and must document the manner in which it will conduct that part of the internal Shari'a review that is not conducted in accordance with AAOIFI GSIFI No. 3.
Derived from DFSA RM69/2010 (Made 1st March 2010). [VER1/03-10]
[Amended] DFSA RM72/2010 (Made 11th July 2010). [VER2/07-10]
[Amended] DFSA RM139/2014 (Made 21st August 2014). [VER8/06-14]