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Article (13) Compliance with the Standard

STA-LFI-GOV-2020 Effective from 21/4/2020
  1. 13.1 The IFI must set a Shari'ah governance framework in accordance to this standard within 180 days from issuing this standard. The same must be submitted to the CBUAE for approval.
     
  2. 13.2 The IFIs should comply fully with these standard requirements within one year from publishing this standard.
     
  3. 13.3 The Regulatory Development Division of the Central bank shall be the reference for interpretation of the provisions of this standard.