1.1.1 These Islamic Finance Rules apply to:
(a) every Authorised Person who carries on, or holds itself out as carrying on, an Islamic Financial Business in ADGM whether as an Islamic Financial Institution or through an Islamic Window; (b) a Fund Manager of a Domestic Fund which is operated or held out as being operated as an Islamic Fund; (c) a Person making an Offer in ADGM relating to a Security which is, or is held out as being, a Shari'a-compliant Security; and (d) a Recognised Body that carries on, or holds itself out as carrying on, an Islamic Financial Business in ADGM.
(i) A subset certain of the requirements that apply to Authorised Persons Conducting Islamic Financial Business or distributing Shari'a-compliant Securities are included in these Islamic Finance Rules. An Authorised Person that has a Financial Services Permission to operate as an Islamic Financial Institution or that has a Financial Services Permission to operate an Islamic Window will also be subject to the requirements relating to such Regulated Activity or specified category of Regulated Activity that are included ...