UAE Central Bank and Financial Institutions Decree-Law — Article 77 — Article (77) Contravention of Islamic Shari`ah Provisions

Where it is established that an Islamic Financial Institution, has conducted business that contravene the rules and principles of Islamic Shari`ah, as per the Higher Shari`ah Authority rulings, resolutions and standards, the concerned institution shall be subject to actions and sanctions determined by the Central Bank after consultation with the Higher Shari`ah Authority.

Interpretation and application must be checked against the official text and current version.