CMA LAW: Resolution No. (206) of 2025 Regarding the Renewal of the Collective Investment Scheme License for Tharwa Islamic Fund

Having Perused:
- Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities, its Executive Bylaws, and amendments thereto; and
- The Collective Investment Scheme License Certificate for Tharwa Islamic Fund No. (LCIS/2014/0015) issued on 20/03/2023; and
- The application from Tharwa Investment Company to renew the license of Tharwa Islamic Fund; and
- Based on Resolution No. (04) of 2025 regarding the amendment of the approval authorizations for the Supervision Sector's procedures, issued on 23/01/2025.

The Following Was Resolved:
Article (1)
The collective investment scheme license for Tharwa Islamic Fund is hereby renewed for a period of three years, renewable, starting from 20/03/2026.

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.

Zeyad Al-Fulaij
Head of Supervision Sector
Issued on: 03/12/2025.

Copy of the Official Document

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