CmaBoardReleases
Title: Resolution No. (118) of 2022 Regarding Renewal of the Collective Investment Scheme License of Islamic Income Generating Fund
Having Perused:
- Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Executive Bylaws, and their amendments; and
- The collective investment scheme license certificate of Islamic Income Generating Fund No. (LCIS/2019/0003) issued on 29/10/2019; and
- The application of Boubyan Capital Investment Company to renew the license of Islamic Income Generating Fund; and
- Based on Resolution No. (48) of 2022 regarding amending the authorizations of the Supervision Sector’s procedures issued on 03/04/2022.
The Following Was Resolved
Article (1)
The collective investment scheme license of Islamic Income Generating Fund is hereby renewed for three renewable years, after payment of the prescribed fees, as of 28/10/2022.
Article (2)
The concerned bodies shall execute this Resolution, each within its jurisdiction. This Resolution shall come into force from the date of its issuance, and it shall be published in the Official Gazette.
Fahed A. Al-Fadli
Acting Head of Supervision Sector
Issued on: 20/07/2022