---
title: "What is Data holder? | IslamicOpenFinance™"
description: "The licensed institution that holds a customer's data and must make it available to authorised providers with the customer's consent."
url: https://islamicopenfinance.com/glossary/data-holder/
lang: en-GB
source: "IslamicOpenFinance"
---

[Glossary](https://islamicopenfinance.com/glossary/) / [Open finance and APIs](https://islamicopenfinance.com/glossary/#open-finance)

Open finance and APIs

# Data holder

The licensed institution that holds a customer's data and must make it available to authorised providers with the customer's consent.

A data holder is a licensed institution holding user data, in the Central Bank of the UAE's definition, such as a bank, insurer or finance company. Under open finance rules it must share that data with authorised providers when the customer consents, through secure interfaces and with appropriate authentication. Its obligations include letting providers identify themselves, communicating securely and applying the customer authentication the regulation requires.

## Sources

- [Central Bank of the UAE Rulebook, Open Finance Regulation: Article 1, Definitions, Data Holder](https://rulebook.centralbank.ae/en/rulebook/open-finance-regulation)

This entry explains a term; it is not a Shariah ruling. Approving a product is for each institution's own Shariah board and regulator.

## Related terms

[**Data sharing (open finance)** An open finance service that gives a customer a consolidated view of their data from one or more institutions.](https://islamicopenfinance.com/glossary/data-sharing/) [**Open finance provider** A firm licensed to offer data sharing or service initiation to customers under an open finance regime.](https://islamicopenfinance.com/glossary/open-finance-provider/) [**API hub** A central platform through which institutions and licensed providers connect for open finance, instead of many bilateral links.](https://islamicopenfinance.com/glossary/api-hub/) [**Strong customer authentication** Verifying a customer with at least two independent factors, such as something they know, have or are.](https://islamicopenfinance.com/glossary/strong-customer-authentication/)

**Open finance and APIs**

1. [Open finance](https://islamicopenfinance.com/glossary/open-finance/)
2. [Application programming interface (API)](https://islamicopenfinance.com/glossary/api/)
3. [Consent (open finance)](https://islamicopenfinance.com/glossary/consent/)
4. [Data sharing (open finance)](https://islamicopenfinance.com/glossary/data-sharing/)
5. [Service initiation](https://islamicopenfinance.com/glossary/service-initiation/)
6. [Open finance provider](https://islamicopenfinance.com/glossary/open-finance-provider/)
7. [API hub](https://islamicopenfinance.com/glossary/api-hub/)
8. [Strong customer authentication](https://islamicopenfinance.com/glossary/strong-customer-authentication/)

[All 221 terms](https://islamicopenfinance.com/glossary/)