UAE Commercial Transactions Law

Article 497 — Article (497)

Book Three: Banking Transactions · Part Six: Commercial Transactions of Islamic Financial Institutions · Chapter Three: Islamic Banking Operations: Article (497)

The Board of Directors of the Central Bank shall issue decisions concerning banking operations conducted in accordance with Islamic Sharia and the administrative sanctions and financial penalties imposed by the Central Bank for breach of the regulations and rules referred to in Article 471 of this Law.

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