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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Rulebook Modules
Islamic Finance Rules (IFR) [VER13/12-18]
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Whole SectionText only Print Print Manager Link

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

IFR 6.11.1

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) A Fund ManagerG must ensure that it does not call, or otherwise hold out, a FundG as being an Islamic Real Estate Investment TrustG or as being an Islamic REITG unless it is a Public Property FundG which is constituted in accordance with (2).
(2) An Islamic REITG is a Public Property FundG which:
(a) is constituted either as an Investment CompanyG or as an Investment TrustG ;
(b) is primarily aimed at investments in income generating Real PropertyG which complies with Shari'a principles; and
(c) distributes to the UnitholdersG at least 80% of its audited annual net income.
Derived from DFSA RM69/2010 (Made 1st March 2010). [VER1/03-10]
[Amended] DFSA RM72/2010 (Made 11th July 2010). [VER2/07-10]