IFR 6.5.1

A Fund Manager of an Islamic Fund which is a Public Fund must state in the Fund's Prospectus:

(a) that all the operations in relation to the Fund will be conducted in accordance with Shari'a;
(b) if the Fund has a Shari'a Supervisory Board appointed to it, the names of the members of the Shari'a Supervisory Board and their qualifications and experience and, whether or not the Fund Manager's Shari'a Supervisory Board is appointed to the Fund pursuant to IFR Rule 6.2.1(2);
(c) if the Fund does not have a Shari'a Supervisory Board appointed to it pursuant to IFR Rule 6.2.1(3), what widely acceptable screening methodologies are used by the Fund to ensure Shari'a compliance with respect to investments made for the Fund, and the board that has approved them;
(d) if applicable, the manner and frequency of Shari'a reviews;
(e) how earnings prohibited by Shari'a will be disposed of;
(f) whether Zakah is the responsibility of the Fund or the responsibility of the Unitholders;
(g) the additional disclosure, if applicable, prescribed under IFR section A1.1 of App 1; and
(h) in place of the disclaimer required under CIR App 7 for conventional Funds, a prominent disclaimer in bold, on the front page of the Prospectus, as follows:

"The DFSA does not accept responsibility for the content of the information included in the Prospectus, including the accuracy or completeness of such information. The liability for the content of the Prospectus lies with the Issuer of the Prospectus and other Persons, such as Experts, whose opinions are included in the Prospectus with their consent. The DFSA has also not assessed the suitability of the Securities to which the Prospectus relates to any particular investor or type of investor and has not determined whether they are Shari'a compliant. If you do not understand the contents of this Prospectus or are unsure whether the Securities to which the Prospectus relates are suitable for your individual investment objectives and circumstances, you should consult an authorised financial advisor."
(i) If the Islamic Fund is not a Listed Fund, in addition to the disclaimer specified in (h), an additional statement that:

"The Securities to which this Prospectus relates may be illiquid and/or subject to restrictions on their resale. Prospective purchasers of such Securities should conduct their own due diligence."
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 RM106/2012 (Made 23rd December 2012). [VER6/12-12]
[Amended] DFSA RM220/2018 (Made 22nd February 2018). [VER13/12-18]