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II. Shari’ah Implementation

C 52/2017 STA Effective from 1/12/2022

Banks offering Islamic financial services should comply with these disclosure requirements. These requirements are applicable to their activities that are in line with Islamic Shari’ah rules and principals, which are neither interest-based lending nor borrowing but are parallel to the activities described in these Guidance and Explanatory Notes

Further guidance on Pillar 3 disclosure requirements has been set out in the document, “Guidance for Capital Adequacy of Banks in the UAE”.