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  • [ I ] [ I ] [IFR—Issuer]

    • ICC Regulations

      The Incorporated Cell Company (ICC) Regulations made under the DIFC Companies Law.

      Derived from DFSA RMI251/2019 (Made 18th December 2019). [VER45/12-19]

    • IFRS for Small and Medium Sized Enterprises

      The International Financial Reporting Standards for small and medium sized enterprises as issued and amended from time to time by the International Accounting Standards Board.

      [Added] DFSA RM143/2014 (Made 21st August 2014). [VER31/06-14]

    • iNAV

      Indicative Net Asset Value of an ETF.

      Derived from DFSA RM221/2018 (Made 22nd February 2018). [VER42/12-18]

    • Incorporated Cell

      An Incorporated Cell of an Incorporated Cell Company, created in accordance with the ICC Regulations.

      Derived from DFSA RMI251/2019 (Made 18th December 2019). [VER45/12-19]

    • Incorporated Cell Company (ICC)

      A company incorporated as an Incorporated Cell Company under the ICC Regulations.

      Derived from DFSA RMI251/2019 (Made 18th December 2019). [VER45/12-19]

    • Inside Information

      Information specified in Article 63(1)(a) of the Markets Law 2012.

      [Added] DFSA RM91/2012 (Made 14th June 2012). [VER26/06-12]
      [Amended] RM162/2015 (Made 9th December 2015). [VER34/02-16]

    • Insider

      A Person specified in Article 63(1)(b) of the Markets Law 2012.

      [Added] DFSA RM91/2012 (Made 14th June 2012). [VER26/06-12]
      [Amended] RM162/2015 (Made 9th December 2015). [VER34/02-16]

    • Instrument

      Means, in relation to a Derivative, any Investment, asset or thing on which the value of the Derivative may be based.


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

    • Insurance Agent

      A Person who acts as an agent of one or more insurers.

      Derived from DFSA RM180/2016 (Made 19th June 2016) [VER36/08-16]

    • Insurance Aggregation Site

      A website or other form of electronic media that provides a facility by means of which a Person can:

      (a) search for a Contract of Insurance according to selected criteria;
      (b) identify, obtain a quote for, compare, or obtain a list ranking one or more Contracts of Insurance in response to the search; and
      (c) conclude, directly or indirectly, a Contract of Insurance.
      Derived from DFSA RM180/2016 (Made 19th June 2016) [VER36/08-16]

    • Insurance Broker

      A Person who acts as an agent of a Policyholder in relation to a Contract of Insurance.

      Derived from DFSA RM180/2016 (Made 19th June 2016) [VER36/08-16]

    • Insurance Broking

      [Deleted]


      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]
      [Amended][VER6/12-05]

    • Insurance Business

      The business of Effecting Contracts of Insurance or Carrying Out Contracts of Insurance, including effecting or carrying out contracts of reinsurance (as reinsurer).


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

    • Insurance Fund

      In relation to a Takaful Insurer, the aggregate of the assets and liabilities of the Insurer that are attributed to the Takaful transactions of the Insurer and the amount of any assets designated by the Insurer as a capital transfer to the insurance fund; and includes the amount of any profit, surplus or return (however called or described), less attributable expenses, arising on the investment of such funds.


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

    • Insurance Intermediary

      An Authorised Firm whose Licence authorises it to carry on the Financial Service of Insurance Intermediation.


      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]
      [Amended][VER6/12-05]

    • Insurance Intermediation

      Has the meaning given in GEN section 2.19.

      [Added][VER6/12-05]

    • Insurance Intermediation Business

      [Deleted]


      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]
      [Amended][VER6/12-05]

    • Insurance Liabilities

      General Insurance liabilities and Long-Term Insurance liabilities.


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

    • Insurance Management

      Has the meaning given in GEN section 2.20.


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

    • Insurance Manager

      An Authorised Firm whose Licence authorises it to carry on the Financial Service of Insurance Management.


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

    • Insurance Monies

      Has the meaning given in COB Rule 7.12.2.

      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]
      [Amended] DFSA RM56/2008 (Made 1st July 2008). [VER17/07-08]

    • Insurance Special Purpose Vehicle

      An insurer which:

      (a) assumes risks by way of reinsurance; and
      (b) is required to fully fund its exposures to those risks through the proceeds of a debt issuance or some other financing arrangement where the repayment obligations under those arrangements are subordinated to the insurer’s reinsurance obligations.

      [Added] DFSA RM48/2007 (Made 1st October 2007). [VER16/10-07]

    • Insurer

      A Person carrying on in the DIFC either or both of the following Financial Services for which it has authorisation under its Licence:

      (a) Effecting Contracts of Insurance; or
      (b) Carrying Out Contracts of Insurance.

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

    • Interest Rate Risk Capital Requirement [Deleted]

      [Deleted] DFSA RM114/2012 (Made 15th October 2012). [VER28/12-12]

    • Internal Auditor

      The Key Individual function described in AMI Rule 5.3.9.

      [Added] DFSA RM124/2013 (Made 13th June 2013) [VER30/07-13]

    • International Financial Reporting Standards (IFRS)

      The International Financial Reporting Standards as issued and amended from time to time by the International Accounting Standards Board.

      [Added] DFSA RM143/2014 (Made 21st August 2014). [VER31/06-14]

    • International Standards on Assurance Engagement

      The international standards on assurance engagement as issued and amended from time to time by the International Auditing and Assurance Standards Board (IAASB) of IFAC.

      [Added] DFSA RM143/2014 (Made 21st August 2014). [VER31/06-14]

    • International Standards on Auditing

      The international standards on auditing as issued and amended from time to time by the International Auditing and Assurance Standards Board (IAASB) of IFAC.

      [Added][VER11/11-06]
      [Amended] DFSA RM143/2014 (Made 21st August 2014). [VER31/06-14]

    • International Standards on Quality Control

      The international standards on quality control as issued and amended from time to time by the International Auditing and Assurance Standards Board (IAASB) of IFAC.

      [Added][VER11/11-06]
      [Amended] DFSA RM143/2014 (Made 21st August 2014). [VER31/06-14]

    • International Standards on Related Services

      The international standards on related services as issued and amended from time to time by the International Auditing and Assurance Standards Board (IAASB) of IFAC.

      [Added] DFSA RM143/2014 (Made 21st August 2014). [VER31/06-14]

    • Invested Assets

      Any asset, right or interest of an Insurer that is held by the Insurer for the primary purpose of generating revenues or for directly providing funds to meet the Insurer's cash outflows in the future.


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

    • Investment

      Has the meaning given in GEN section A2.1.


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

    • Investment Analyst

      An Employee of an Authorised Firm who prepares Investment Research.


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

    • Investment Business

      The business of:

      (a) Dealing in Investments as Principal;
      (b) Dealing in Investments as Agent;
      (c) Arranging Deals in Investments;
      (d) Managing Assets;
      (e) Advising on Financial Products;
      (f) Managing a Collective Investment Fund;
      (g) Providing Custody;
      (h) Arranging Custody;
      (i) Managing a Profit Sharing Investment Account;
      (j) Operating an Alternative Trading System;
      (k) Acting as the Trustee of a Fund; or
      (l) Arranging Credit and Advising on Credit.
      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]
      [Amended][VER4/08-05]
      [Amended] DFSA RM56/2008 (Made 1st July 2008). [VER17/07-08]
      Amended in accordance with Notice of Amendments to Legislation April 2011 [VER24/02-11]
      [Amended] DFSA RM187/2016 (Made 7th December 2016). [VER37/02-17]

    • Investment Company

      An open or closed ended company established for the main purpose of collective investment which is incorporated under of the Companies Law in accordance with the Regulations made under that Law.

      Derived from Notice of Amendments to Legislation April 2011 [VER24/02-11]
      [Amended] DFSA RM221/2018 (Made 22nd February 2018). [VER42/12-18]
      [Amended] DFSA RMI269/2020 (Made 26th February 2020). [VER47/04-20]

    • Investment Crowdfunding

      Has the meaning given in GEN Rules 2.29.1(4) and (6).

      [Added] DFSA RMI205/2017 (Made 14th June 2017). [VER38/08-17]
      [Amended] DFSA RMI257/2019 (Made 26th June 2019). [VER44/07-19]

    • Investment Crowdfunding Operator

      A Person who is authorised under a Licence to Operate an Investment Crowdfunding Platform.

      [Added] DFSA RMI205/2017 (Made 14th June 2017). [VER38/08-17]

    • Investment Crowdfunding Platform

      An electronic platform or a facility referred to in GEN Rule 2.29.1(4) or (6).

      [Added] DFSA RMI205/2017 (Made 14th June 2017). [VER38/08-17]
      [Amended] DFSA RMI257/2019 (Made 26th June 2019). [VER44/07-19]

    • Investment Grade [Deleted]

      [Deleted] DFSA RM114/2012 (Made 15th October 2012). [VER28/12-12]

    • Investment-Linked Insurance

      Contracts of Insurance where the benefits are wholly or partly to be determined by reference to the value of, or the income from, property of any description (whether or not specified in the contracts) or by reference to fluctuations in, or in an index of, the value of property of any description (whether or not so specified).


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

    • Investment Manager

      A Person who, acting only on behalf of a Client:

      (a) manages Investments in an account or portfolio on a discretionary basis under the terms of a discretionary management agreement; or
      (b) manages Investments in an account or portfolio on a non-discretionary basis under the terms of a non-discretionary management agreement.

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

    • Investment Partnership

      A limited partnership established for the main purpose of collective investment which is formed and registered under the Limited Partnership Law in accordance with the Regulations made under that Law.

      Derived from [VER8/04-06]
      [Amended] DFSA RM221/2018 (Made 22nd February 2018). [VER42/12-18]

    • Investment Platform

      Has the meaning given in GEN Rule 2.31.1

      [Added]DFSA RM262/2019 (Made 18th December 2019). [VER46/01-20]

    • Investment Research

      A publication which contains:

      (a) the results of research into Investments;
      (b) analysis of factors likely to influence the future performance of Investments; or
      (c) advice or recommendations based on those results or analysis.

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

    • Investment Risk Reserve

      Represents the amount that is appropriated out of the income of investment account holders, after allocating the Mudarib's share, in order to meet future losses attributable to investment account holders.


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

    • Investment Trust

      An express trust created mainly for collective investment purposes under the Investment Trust Law.

      [Added]DFSA RM34/2006[VER9/08-06]
      [Amended] DFSA RM221/2018 (Made 22nd February 2018). [VER42/12-18]

    • Investment Undertaking

      An Investment Company, Investment Partnership, or Investment Trust which is used as the investment vehicle for a Fund.

      [Added][VER8/04-06]
      [Amended] DFSA RM56/2008 (Made 1st July 2008). [VER17/07-08]

    • IOSCO

      The International Organisation of Securities Commissions.


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

    • Islamic Accounting and Auditing Standards

      The auditing and accounting standards issued by the Accounting and Auditing Organisation of Islamic Financial Institutions (AAOIFI).

      [Added][VER11/11-06]

    • Islamic Contract

      Any contract designed to comply with Shari'a.


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

    • Islamic Exchange Traded Fund or Islamic ETF

      Has the meaning given in IFR Rule 6.13.1.

      Derived from DFSA RM221/2018 (Made 22nd February 2018). [VER42/12-18]

    • Islamic Financial Business

      Any part of the financial business of an Authorised Person which is carried out in accordance with Shari'a.


      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]
      [Amended] DFSA RM61/2008 (Made 5th November 2008). [VER5/11-08]
      [Amended] DFSA RM110/2012 (Made 23rd December 2012). [VER29/12-12]

    • Islamic Financial Institution

      An Authorised Person which has, on its Licence, an endorsement authorising it to conduct its entire financial business in accordance with Shari'a.


      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]
      [Amended] DFSA RM110/2012 (Made 23rd December 2012). [VER29/12-12]

    • Islamic Fund

      Has the meaning given in CIR Rule 3.1.2

      [Added][VER8/04-06]
      [Amended] DFSA RM72/2010 (Made 11th July 2010) [VER23/07-10]

    • Islamic Window

      That part of an Authorised Person, other than an Islamic Financial Institution, which conducts Islamic Financial Business.


      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]
      [Amended] DFSA RM110/2012 (Made 23rd December 2012). [VER29/12-12]

    • ISPV

      Insurance Special Purpose Vehicle

      [Added] DFSA RM48/2007 (Made 1st October 2007). [VER16/10-07]

    • Issue Note [Deleted]

      [Deleted] DFSA RM91/2012 (Made 14th June 2012). [VER26/06-12]

    • Issuer

      (1) (in relation to any Security) (other than a Unit in a Collective Investment Fund) the Person by whom it is or is to be issued;
      (2) (in relation to a Unit in a Collective Investment Fund) the Fund Manager;
      (3) (in relation to an interest in a limited Partnership) the Partnership; and
      (4) (in relation to Certificates) the Person who issued or is to issue the Security to which the Certificate or other instrument relates.

      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]
      [Amended] DFSA RM72/2010 (Made 11th July 2010) [VER23/07-10]