We, Zayed Bin Sultan AI-Nahyan, President of the United Arab Emirates,
- Having Perused the Provisional Constitution and,
- Federal Law No. 1 of 1972, regarding jurisdictions of the Ministries and powers of the Ministers, and amending laws thereof, and,
- Federal Law No. 7 of 1976 on the establishment of the State Audit Bureau, and,
- Federal Law No. 10 of 1980, regarding the Central Bank, the Monetary System and Organization of Banking and amending laws thereof, and,
- Federal Law No. 8 of 1984 regarding commercial companies, and,
- In accordance with presentations by the Minister of Finance and Industry, endorsed by the Cabinet and the National Federal Council and ratified by the Supreme Union Council,
Promulgate the following Law:
Islamic banks, financial institutions and investment companies shall mean those whose articles and memorandums of association include a commitment to abide by the provisions of the Islamic Sharia'h Law, and conduct their activities in accordance therewith.
1. Islamic banks, financial institutions and investment companies shall be ...