Dubai Financial Support Fund
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Dubai Finance

Dubai Financial Support Fund

The Dubai Financial Support Fund (the DFSF) was established in 2009 by virtue of the Emirate of Dubai Law No. 24 of 2009, Concerning the Establishment of the Dubai Financial Support Fund, as a public corporation with full legal independence with an affiliation to the Department of Finance for the Government of Dubai.


The primary objectives of the DFSF are as follows:

  1. To offer financial support to strategic and development projects in the Emirate of Dubai;
  2. To keep, on behalf of the Government of Dubai, the proceeds of the Government bills and to manage and invest them;
  3. To collect the revenues resulting from the collection of the revenues of bonds and to reinvest them; and
  4. To ensure the availability of liquid money for strategic projects in the Emirate of Dubai.


In order to achieve its objectives, the DFSF may:

  1. Grant loans and credit facilities to Governmental and non-Governmental entities;
  2. Issue Bills, Bonds, and Sukuk or any other financial instruments on behalf of the Government in or outside the Emirate of Dubai to make available the necessary financial liquidity needed to finance the projects.
  3. Invest, by itself or with others, in commercial projects, establish investment funds and manage corporations and commercial companies.
  4. Establish and own the whole of or some of the shares or parts of corporations and commercial companies related to the competence of the DFSF in or outside the Emirate of Dubai.

 

With the DFSF being an independent public corporation with its own legal personality, the Government of Dubai shall not be liable for any debts or obligations claimed from the DFSF or its subsidiary corporations or commercial companies.

DFSF operations are subject to independent external audits, in addition to the audits implemented by the Government of Dubai's Financial Audit Department.

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