Home   Browse contents   View updates   Search  
     Quick search

Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Rulebook Modules
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

(3 versions)

IFR 7.2.3

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.

Where the relevant SecuritiesG are held out as being in accordance with Shari'a, the ProspectusG relating to those SecuritiesG must include:

(a) details of the members of the Shari'a Supervisory BoardG appointed by the IssuerG who have undertaken the review of the relevant SecuritiesG ;
(b) details of the qualifications and experience of each of those Shari'a Supervisory BoardG members;
(c) in the case of issuance of SukuksG :
(i) the opinion of the Shari'a Supervisory BoardG in respect of whether the SecuritiesG are Shari'a compliant;
(ii) a description of the structure of the underlying transaction and an explanation of the flow of funds; and
(iii) where applicable, the disclosures required by the Shari'a StandardsG published from time to time by AAOIFI in respect of investment SukuksG ; and
(d) instead of the statement required under MKT Rule 2.5.1(3)(d), a prominent disclaimer in bold, on the front page of this ProspectusG as follows:

"The DFSAG does not accept any responsibility for the content of the information included in the ProspectusG , including the accuracy or completeness of such information. The liability for the content of the ProspectusG lies with the issuer of the ProspectusG and other Persons, such as Experts, whose opinions are included in the ProspectusG with their consent. The DFSAG has also not assessed the suitability of the Securities to which the ProspectusG relates to any particular investor or type of investor and has not determined whether they are Shari'a compliant. If you do not understand the contents of this ProspectusG or are unsure whether the Securities to which the ProspectusG relates are suitable for your individual investment objectives and circumstances, you should consult an authorised financial advisor."
Derived from DFSA RM69/2010 (Made 1st March 2010). [VER1/03-10]
[Amended] DFSA RM94/2012 (Made 14th June 2012). [VER4/06-12]
[Amended] DFSA RM106/2012 (Made 23rd December 2012). [VER6/12-12]