Under Article 3 of Circular No. 24/2019, the CBUAE may agree or decline an application for a Hawala Provider Certificate. In case of approval, the CBUAE shall issue a Hawala Provider Certificate valid for one year, renewable for similar periods. The CBUAE shall notify the applicant in writing, and may include in the Hawala Provider Certificate whatever terms and conditions it deems appropriate. In case of rejection, the CBUAE shall notify the applicant in writing indicating reasons for rejection.