Dubai Financial Services Authority

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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)

Rulebook Modules

Anti-Money Laundering, Counter-Terrorist Financing and Sanctions Module (AML) [VER16/07-19]

Authorised Market Institutions (AMI) [VER18/02-17]

Auditor Module (AUD) [VER3/02-17]

Conduct of Business Module (COB) [VER33/07-19]

Collective Investment Rules (CIR) [VER25/07-19]

Fees Module (FER) [VER20/02-19]

Fund Protocol Rules (FPR) [VER1/02-19]

General Module (GEN) [VER44/07-19]

Glossary Module (GLO) [VER44/07-19]

Islamic Finance Rules (IFR) [VER13/12-18]

IFR 1 Introduction

IFR 2 Islamic Finance

IFR 3 General Obligations

IFR 3.1 Application

IFR 3.2 Constitution of an Islamic Financial Institution

IFR 3.3 Systems and Controls

IFR 3.4 Policy and Procedures Manual

IFR 3.5 Shari'a Supervisory Board

IFR 3.5 Guidance

IFR 3.5.1

IFR 3.5.1 Guidance

IFR 3.6 Shari'a Reviews

IFR 3.7 Internal Shari'a Review

IFR 3.8 Additional Conduct Requirements

IFR 3.9 Prudential Requirements

IFR 4 Accounting and Auditing

IFR 5 Managing Profit Sharing Investment Accounts

IFR 6 Islamic Collective Investment Funds

IFR 7 Offers of Islamic Securities

IFR 8 Takaful Insurance

IFR App 1 Prospectus Disclosures for Islamic Funds

IFR App 2 Continuing Obligations

Markets Rules (MKT) [VER15/07-19]

Price Stabilisation Module (PRS) [VER7/04-18]

Prudential — Insurance Business Module (PIN) [VER15/01-18]

Prudential — Investment, Insurance Intermediation and Banking Module (PIB) [VER33/02-19]

Recognition (REC) [VER12/01-18]

Representative Office Module (REP) [VER10/04-18]

Takeover Rules Module (TKO) [VER7/02-16]

Sourcebook Modules

Consultation Papers

Policy Statements

DFSA Codes of Practice

Amendments to Legislation

Financial Markets Tribunal

Connected by Complinet

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]