Dubai Financial Services Authority Consults on Islamic Finance Rules in the DIFC

Call to review interest in court judgements
October 13, 2009
Islamic finance industry stunted by lack of expertise
October 15, 2009
Show all

Dubai Financial Services Authority Consults on Islamic Finance Rules in the DIFC

Available at:

The Dubai Financial Services Authority (DFSA) issued last week a Consultation Paper setting out proposals to enhance clarity and accessibility of the Islamic finance Rules of the Dubai International Financial Centre (DIFC).

Consultation Paper No.66, which is posted on the DFSA website, seeks public comment on the proposed restructuring of the Islamic finance Rules and also on a web-based “virtual handbook”. These proposals aim to better promote the visibility and accessibility of the DFSA’s regulatory requirements that apply to Islamic financial activities which are currently contained in a number of DFSA Rulebook modules. The proposals do not contain any substantial changes to the existing requirements. The deadline for comment is 10 December 2009.

Mr Paul Koster, Chief Executive of the DFSA said,“The DIFC aims to be the leading international centre for Islamic finance. The DFSA has put in place a first-class regulatory regime based on international standards. In line with our commitment to transparency and efficiency, we are now making that regime more accessible, and easier for the industry to use, so that Islamic finance can grow and prosper here.”

Click here:

  • DFSA_CP66_Appendix 1
  • DFSA_CP66_Appendix 2
  • Best Regards

  • P1020198
  • Liverpool, United Kingdom


    1. Good info thanks for sharing with us.Nice information, valuable and excellent, as share good stuff with good ideas and great information and inspiration, both of which we all need, thanks for all the enthusiasm to offer such helpful information here.concepts, lots of

    Leave a Reply


    Get the latest posts delivered to your mailbox: