Entire Section

  • Part 1: Part 1: General Provisions

    • 1. Title

      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.

    • 5. Commencement

      This Law comes into force on the date specified in the Enactment Notice in respect of this Law.

    • 6. Interpretation

      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.