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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Rulebook Modules
Glossary Module (GLO) [VER44/07-19]
GLO 2 Glossary
[ P ] [Parent—Public Sector Entities]
Profit Sharing Investment Account (PSIA)
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Financial Markets Tribunal

Whole Section Print Print Manager Link

(2 versions)
Up to Jun 30 2008Jul 1 2008 onwards

Profit Sharing Investment Account (PSIA)

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.

Past version: effective up to Jun 30 2008.
To view other versions open the versions tab on the right.

To view past versions of this module in PDF format, please visit the Archive.

An account, portfolio or fund managed:

(a) in relation to property of any kind, including the currency of any country or territory, held for or within the account, portfolio or fund;
(b) in accordance with Shari'a and held out as such; and
(c) under the term of an agreement whereby:
(i) the investor agrees to share any profit with the manager of the account, portfolio or fund in accordance with a predetermined specified percentage or ratio; and
(ii) the investor agrees that he alone will bare any losses in the absence of negligence or breach of contract on the part of the manager.

Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]