DFSA consults on Islamic Finance rules in the DIFC
Consultation Paper No. 66, which is posted on the DFSA website www.dfsa.ae, 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.