Islamic Finance
Islamic Banking Business
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
For information on the applicable fees, please refer to the AFSA Fees Rules available on the official website of the regulator. This document contains a comprehensive list of all relevant charges, including authorisation fees, annual supervisory fees, registration-related costs, penalties, and other mandatory payments.
More information and templates are available on AFSA’s website
How to set up a business in AIFC?
Discover the essential steps and key information required to set up your business in the AIFC