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:
In order to achieve its objectives, the DFSF may:
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.