IFR 2.4.1

Unless otherwise stated in these Islamic Finance Rules, an Authorised Person (whether acting as an Islamic Financial Institution or through an Islamic Window) will be entitled to carry on any Regulated Activity or specified category of Regulated Activity as Islamic Financial Business provided that:

(a) it has complied with all other applicable provisions of the ADGM Rulebook in relation to the Regulated Activity or specified category of Regulated Activity to be carried on as Islamic Financial Business; and
(b) the carrying on of such Regulated Activity or specified category of Regulated Activity as an Islamic Financial Business has been approved by its Shari'a Supervisory Board.