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Ebtikar Investment Company LLC Falsely Claims to be Authorised by the DFSA

02 Feb 2016

The Dubai Financial Services Authority (DFSA) alerts the financial services community and members of the public to false claims made by Ebtikar Investment Company LLC (Ebtikar).

Ebtikar claims on its website- http://ebtikarinvestmentllc.com/ -  that it is authorised and regulated by the DFSA. Ebtikar is not, and has never been, authorised or regulated by the DFSA.

The DFSA is concerned that Ebtikar is misrepresenting itself. Such misrepresentations are fraudulent and the public should rightfully question the integrity and motives of Ebtikar and its controllers. Furthermore, such misrepresentations are generally linked to other fraudulent activity.

Ebtikar also uses a false ‘Certificate of Incorporation’ purportedly issued by the DFSA.  A copy of the false ‘Certificate of Incorporation’ can be viewed here. The DFSA does not issue certificates of incorporation for any firm and/or individual. 

Therefore the DFSA strongly advises that you do not communicate with Ebtikar, and under no circumstances should you send money to them.

The DFSA has a page on its website dedicated to Alerts in relation to scams, including scams which misuse the name of the DFSA and/or the DIFC.  All Alerts issued by the DFSA may be accessed by clicking here.

If your enquiry is about the status of a regulated entity and about the type of activities that DFSA licensed firms can carry out in or from the DIFC, then you should direct your enquiry to email: info@dfsa.ae

The DFSA has also issued warnings and guidance about the common types of scams, including Advance Fee scams, perpetrated on consumers. For more information on these scams please click here.

If you have a complaint about a firm in relation to financial services activities being conducted in or from the DIFC then you may direct your complaint to the DFSA Complaints function by accessing the complaints portal on the DFSA website, click here.