IFR 6.1.1

Past version: effective from 18/12/2018 - 28/12/2019
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(1) This section applies in the case of a Domestic Fund:
(a) which is an Islamic Fund, to its Fund Manager and where appointed, its Trustee; or
(b) which is an Umbrella Fund with one or more Islamic Sub-Funds, to its Fund Manager and where appointed, its Trustee in respect of those Sub-Funds.
(2) The requirements that apply to a conventional Fundunder the Collective Investment Law 2010 and CIR apply equally to an Islamic Fund, except as otherwise provided in this chapter.
(3) The requirements in MKT chapter 6 that apply to a conventional Listed Fund apply equally to an Islamic Fund, if it is or is to be a Listed Fund, except as otherwise provided in this chapter.
(4) In this chapter, except where otherwise provided, any reference to a Fund is to an Islamic Fund or to an Islamic Sub-Fund of an Umbrella Fund as the case may be and any reference to a Fund Manager is a reference to a Fund Manager of such a Fund.
Derived from DFSA RM69/2010 (Made 1st March 2010). [VER1/03-10]
[Amended] DFSA RM72/2010 (Made 11th July 2010). [VER2/07-10]
[Amended] DFSA RM272/2010 (Made 11th July 2010). [VER2/07-10]
[Amended] DFSA RM220/2018 (Made 22nd February 2018). [VER13/12-18]