Financial Business

AIFC recognizes the growing interest from international and local firms interested in conducting financial business in the Centre. Regulated activities that are deemed to carry the characteristics of financial business include: deal, manage, or advise in investments; provide custody, trust services, fund administration, Islamic financing, credit and money services; handle insurance intermediation, management, and contracts; conduct Islamic banking business, as well as takaful business; or operate a representative office.

Financial Businesses interested in setting up operations in AIFC are required to submit an application to AIFC’s regulatory body, the AFSA, which will consider the merits and suitability of the applicant and the category of license for which the application is made.