Islamic Finance

Islamic Banking Business means providing financing or making Investments by entering as principal or agent into any Islamic Financial Contract while raising funds for those activities through either or both of the following:

a) raising, accepting and managing funds or money placements;
managing Unrestricted Profit Sharing Investment Accounts (UPSIA);
b) provided that all such activities are carried out in a Shari’ah-compliant manner.

AIFC General Rules, Schedule 1

Authorisation Fee (paid once):

15 000 USD

More information and templates are available on AFSA’s website