Affidavit Of Financial Information Template for the United Arab Emirates
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What is a Affidavit Of Financial Information?
The Affidavit of Financial Information is a crucial legal document within the UAE legal framework, designed to provide a complete and accurate picture of an individual's financial situation under oath. This document is commonly required in various legal proceedings, particularly in family court matters, divorce cases, financial disputes, and situations requiring transparent financial disclosure. The affidavit must comply with UAE Federal Laws, including Law No. 10 of 1992 (Law of Evidence) and Law No. 11 of 1992 (Civil Procedure Law), as well as Sharia principles. It includes detailed information about income, expenses, assets, liabilities, and other financial obligations. The document must be properly executed, typically requiring notarization by a UAE-licensed notary public, and serves as a legally binding statement of financial facts that can be relied upon by courts and other relevant authorities.
About the Affidavit Of Financial Information
An Affidavit of Financial Information is a sworn legal document that provides a complete picture of your financial situation under oath. In the United Arab Emirates, this document serves as crucial evidence in legal proceedings and must comply with specific federal laws and Islamic legal principles. You'll need to disclose all aspects of your financial life, including income, assets, debts, and regular expenses, making it one of the most comprehensive financial disclosure documents in UAE law.
When do you need this document?
You'll typically need an Affidavit of Financial Information during divorce proceedings, child support determinations, spousal maintenance cases, and financial disputes in UAE courts. Family courts regularly require this document to assess financial capacity for support obligations or property division. The document is also essential when applying for certain government benefits, during bankruptcy proceedings, or when courts need to evaluate your ability to pay fines or compensation. Financial institutions may request this affidavit for large loan applications or investment opportunities, particularly when dealing with high-net-worth individuals or complex financial structures.
Key legal considerations
The affidavit must contain accurate and complete information, as providing false statements constitutes perjury under UAE law and can result in criminal charges. You must include all sources of income, including salary, business profits, rental income, investment returns, and any gifts or financial support received. Asset disclosure must cover real estate, vehicles, bank accounts, investments, jewelry, and business interests both within the UAE and internationally. Your liabilities section should detail all debts, loans, credit card balances, and ongoing financial obligations. The document requires specific formatting and must include your full legal name, Emirates ID number, and detailed contact information to meet UAE court standards.
Legal requirements in United Arab Emirates
Under UAE Federal Law No. 10 of 1992 (Law of Evidence) and Federal Law No. 11 of 1992 (Civil Procedure Law), your affidavit must be notarized by a licensed UAE notary public to be legally valid. The document must be written in Arabic or accompanied by a certified Arabic translation when submitted to UAE courts. You must provide supporting documentation for all financial claims, including bank statements, employment letters, property deeds, and business registration documents. The affidavit must comply with UAE Anti-Money Laundering Law No. 20 of 2018, requiring disclosure of the source of all funds and assets. Islamic law principles also apply, particularly regarding the treatment of certain assets and income sources, so you should ensure your financial disclosures align with Sharia-compliant practices where applicable.
GOVERNING LAW
Applicable law
This Affidavit Of Financial Information is drafted to comply with United Arab Emirates law. Key legislation includes:
UAE Federal Law No. 11 of 1992 (Civil Procedure Law): Establishes procedures for submitting legal documents to courts, including affidavits and financial declarations
UAE Federal Law No. 5 of 1985 (Civil Transactions Law): Provides the legal framework for civil transactions and obligations, including financial declarations and responsibilities
UAE Federal Law No. 4 of 2013 (Notary Public Law): Regulates the authentication and notarization of legal documents, including affidavits and financial statements
UAE Federal Law No. 20 of 2018 (Anti-Money Laundering Law): Establishes requirements for financial transparency and disclosure, affecting how financial information must be reported
UAE Federal Law No. 2 of 2015 (Commercial Companies Law): Relevant for financial declarations involving business interests or company ownership
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