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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Recognised Jurisdictions and Funds
Declaration Notices
Financial Markets Tribunal
Rulebook Modules
Islamic Finance Rules (IFR) [VER14/12-19]
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases

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IFR 6.2.1

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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.

Past version: effective from Mar 1 2010 - Jul 10 2010.
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An OperatorG of an Islamic FundG must appoint a Shari'a Supervisory BoardG to its FundG that meets the following requirements:

(a) the Shari'a Supervisory BoardG has at least three members;
(b) the members appointed to the Shari'a Supervisory BoardG are competent to perform their functions as Shari'a Supervisory BoardG members of the FundG ;
(c) any appointments, dismissals or changes in respect of members of the Shari'a Supervisory BoardG are approved by the Governing BodyG of the FundG ; and
(d) no member of the Shari'a Supervisory BoardG is a director or Controller of the FundG or its OperatorG .
Derived from DFSA RM69/2010 (Made 1st March 2010). [VER1/03-10]