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  • IFR 2.2 IFR 2.2 Activities that Constitute Islamic Financial Business

    • IFR 2.2 Guidance

      1. Article 10 of the Law Regulating Islamic Financial Business 2004 prescribes what constitutes Islamic Financial Business. In essence, where a Person engages in any activity that constitutes a Financial Service and carries on or holds out the activity as being conducted in accordance with Shari'a, that activity constitutes Islamic Financial Business.
      2. GEN section 2.2 sets out the activities that constitute a Financial Service.
      Derived from DFSA RM69/2010 (Made 1st March 2010). [VER1/03-10]