Dubai Financial Services Authority Launches Islamic Finance Handbooks

DFSA Launches Electronic Islamic Finance Handbooks
Available at: http://www.dfsa.ae/WhatsNew/DispForm.aspx?Id=131

The Dubai Financial Services Authority (DFSA) has launched a series of electronic Islamic finance tailored handbooks, designed to help Firms undertaking Islamic finance activities in the Dubai International Financial Centre (DIFC). The Islamic finance handbooks are designed to assist with the identification of the DFSA’s Rulebook requirements applicable to financial activities conducted as Islamic or Shari’a compliant.

The five tailored handbooks relate to five different types of Islamic finance activities. Each handbook contains the parts of the DFSA Rulebooks which apply to that particular area of activity namely: Islamic Banking; Islamic Investment Business, other than Operating Funds; Islamic Insurance; Islamic Insurance Intermediation and Management; and Operation of Islamic Funds.

The Chief Executive of the DFSA, Mr Paul Koster said: “Islamic finance has witnessed tremendous growth and as such is an important area of focus for the DFSA. We want to provide the industry with improved access to our framework of Laws and regulations which is why we have created the Islamic finance tailored handbooks. By improving our delivery of information to Firms conducting Islamic finance activities, we hope that the handbooks will help Firms access the requirements that apply to their Islamic finance activities more easily.”

The electronic handbooks are available on: http://www.complinet.com/dfsa/display/display.html?rbid=3022&record_id=1

“Writing a book is an adventure. To begin with, it is a toy and an amusement; then it becomes a mistress, and then it becomes a master, and then a tyrant. The last phase is that just as you are about to be reconciled to your servitude, you kill the monster, and fling him out to the public.” Winston Churchill

Best Regards
ZULKIFLI HASAN
DURHAM, UK

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    Comments (0)

    • SimplifiedTaxes Reply

      The book has expert coverage of the full range of Islamic Finance asset classes. It has the explanation of the crucial role of Shari’a legal opinions in Islamic Finance and some chapters authored by leading practitioners in their field. It also has up-to-date analysis of the principle legal debates in Islamic Finance and integrated perspective across the entire Islamic Finance sector.

      March 27, 2010 at 7:45 pm

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