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RM106/2012 Islamic Finance Rules (IFR) Rule-Making Instrument (No. 106) 2012

The Board of the Dubai Financial Services Authority in the exercise of the powers conferred on them by Article 23 of the Regulatory Law 2004, hereby make the Rules in the appendix to this instrument. The appendix to this instrument also contains the guidance made by the Chief Executive in the exercise of the powers conferred on him under the Regulatory Law 2004.

Commencement:

(1) This instrument is made on 5 December 2012 and is conditional upon the enactment of a law to be called "DIFC Laws Amendment Law 2012"; and this instrument shall come into force on the same day as that law.

Amendments to Modules:

(2) The Islamic Finance Rules (IFR) module – (IFR/VER5/12-12) is repealed and replaced by Appendix 1Appendix 1 to this instrument and may be identified by the following reference – (IFR/VER6/12-12).

Citation:

(3) This instrument may be cited as the Islamic Finance Rules Rule-making Instrument (No. 106) 2012.
(4) Appendix 1Appendix 1 to this instrument may be cited as the Islamic Finance Rules module or IFR.

By Order of the Board

Saeb Eigner
Chairman
      Ian Johnston
Chief Executive

5 December 2012
RM106/2012


Click here to view Appendix 1Appendix 1 in PDF format.