The Dubai Financial Services Authority has launched a public consultation on proposed enhancements to its Islamic finance regulatory framework for firms in the Dubai International Financial Centre. The package would clarify when Authorised Persons need an Islamic endorsement to conduct Islamic financial business, strengthen disclosure requirements for Takaful sales, and make targeted technical amendments to the Islamic Finance Rules module of the DFSA Rulebook. Under the proposals, an endorsement would be required where Authorised Persons hold themselves out as conducting all or part of their business in accordance with Shari’a, provide financial services for products presented as Islamic or Shari’a-compliant, or manage funds held out on that basis. Firms that only provide access to or distribute Islamic financial products without making representations about Shari’a compliance would not need an endorsement, provided they meet existing client protection obligations. The Takaful changes would require disclosures on contract features, fee calculations, surplus-sharing arrangements, and potential additional contributions for all sales, whether or not the seller has an Islamic endorsement. The consultation is open until 19 June 2026, after which the DFSA will review submissions and proceed with Rulebook changes where appropriate.

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