Part 1: Part 1: General Provisions
This Law may be cited as "Law Regulating Islamic Financial Business 2004."
2. Legislative Authority
This Law is made by the Ruler of Dubai.
3. Application of the law
This Law applies in the jurisdiction of the DIFC.
4. Date of enactment
This Law is enacted on the date specified in the Enactment Notice in respect of this Law.
This Law comes into force on the date specified in the Enactment Notice in respect of this Law.
Schedule 1 contains:(1) interpretative provisions which apply to this Law; and(2) a list of defined terms used in this Law.
7. Administration of this Law
This Law is administered by the DFSA.
8. Relationship between this Law and the Regulatory Law and the Markets Law
The provisions of this Law are additional to the provisions of the Regulatory Law 2004 and the Markets Law 2012, and the provisions of those Laws, as far as they are applicable, shall apply accordingly.