Home   Browse contents   View updates   Search  
     Quick search
Go
   

Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Laws
Rulebook Modules
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Notices
Financial Markets Tribunal
Archive

Rich text Print
  • IFR 3.5.1

    When an Authorised Person appoints a Shari'a Supervisory Board, it must ensure that:

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