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The Credit Bureau Consent Form is a mandatory document required under UAE Federal Law No. 6 of 2010 and its implementing regulations. This form must be obtained by financial institutions and other authorized entities before they can access or share any customer's credit information through Al Etihad Credit Bureau (AECB). The document is essential for various financial transactions, including loan applications, credit card issuance, and other credit facilities. It enables the collection and sharing of credit information such as payment history, credit exposure, and financial obligations, while ensuring compliance with UAE data protection requirements. The consent form serves as a legal record of the customer's authorization and understanding of how their credit information will be handled within the UAE's credit reporting system.

1. Parties: Identification of the individual/entity giving consent (the Customer) and the entity requesting consent (typically a financial institution)

2. Background: Brief explanation of Al Etihad Credit Bureau's role and the purpose of credit information sharing in the UAE

3. Definitions: Key terms including 'Credit Information', 'Credit Report', 'Credit Bureau', and other relevant terminology

4. Scope of Consent: Detailed description of what information will be shared, collected, and accessed through the credit bureau

5. Duration of Consent: Specification of how long the consent remains valid and any conditions for renewal or termination

6. Declaration: Customer's confirmation of understanding and voluntary consent to information sharing

7. Execution: Signature blocks and date fields for all parties