Book traversal links for Article (47): Own Funds
Article (47): Own Funds
Fed Law 14/2018 Issued on 1/10/2018The Central Bank may, in accordance with the investment policy and guidelines set by the Board of Directors, deploy or invest part of its Own Funds in the following:
1) Purchase and sell securities, and subscribe to loans issued or guaranteed by the Public Sector, or buy shares in any entity wherein the Government or governments of emirates members of the Union hold shares, or is granted a concession in the State.
2) Invest in projects, investment funds and financial institutions not licensed by the Central Bank.
3) Acquire real estate, equity and movable properties and all related matters.