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Sep 16 2004 onwards

RM10/2004 Islamic Financial Business Rules Instrument 2004



The Council of the DIFC Financial Services Authority, in the exercise of the powers conferred on them by Article 23 of the Regulatory Law 2004, having concluded that it would be prejudicial to the interests of the Dubai International Financial Centre to delay the making of these rules in order to allow public consultation to be undertaken in respect of certain rules, hereby make the rules and give the Guidance in the Annex to this Instrument.

Commencement

(1) This Instrument shall come into force on the day on which the Law Regulating Islamic Financial Business 2004 comes into force.

Citation

(2) This Instrument may be cited as the Islamic Financial Business Rules Instrument 2004.
(3) The Annex to this Instrument may be cited as the Islamic Financial Business Rules or ISF.
(4) This version of regulations in the Annex to this Instrument may be identified by the following reference - ISF/VER1/250/09-04

By Order of the Council
Dr Habib Al-Mulla
Chairman

September 2004

RM10/2004