Registers
Open ↗(1) The Authority may keep separate registers for—
(a) Islamic private funds;
(b) Islamic public funds; and
(c) fund managers and fund administrators of Islamic public funds.
(2) The registers required under subsection (1) may contain—
(a) the information required in respect of each person who has been granted licence or registration or who has received written permission under this Act;
(b) the date of such licence, registration or written permission, as the case may be; and
(c) the date upon which such licence or registration or written permission was revoked.
(3) The registers required to be kept pursuant to this section shall be in such form as the Authority may determine.
(4) The Authority may issue to any person, upon request by the person, a certificate of compliance in such form, upon payment of such fee, as may be prescribed.
(5) No person exercising any power or discharging any duty under this Part shall, knowingly, have any financial interest in any person who has been licensed, registered or given written permission under this Part.
Accounts and audit
Open ↗(1) Every registered Islamic public fund shall—
(a) keep or cause to be kept accounts and records and shall, after the end of each financial year cause to be prepared a statement of accounts for that financial year which shall include a balance sheet and an account of income and expenditure in accordance with generally accepted accounting principles applicable in Malaysia or in any recognized country or jurisdiction;
(b) keep such accounting records and financial statements or true copies thereof at its place of business in Labuan and make them available for inspections by the Authority or any person authorised in writing by the Authority;
(c) keep at its place of business in Labuan and make available to the Authority or any person authorized in writing by the Authority such other records, statements, documents or information as the Authority may prescribe in writing;
(d) within three months of the end of each financial year present to an auditor the financial statements referred to in paragraph (a) and such other records and information as may be required for audit in accordance with generally accepted auditing principles applicable in Malaysia or any recognized country or jurisdiction; and
(e) provide to or make available for inspection by all the investors of the fund the financial statements referred to in paragraph (a) together with the report of the auditor thereon.
(2) The accounting records and financial statements required to be kept in accordance with subsection (1) may be kept in any currency and in any language, but if they are kept in a language other than the national language or English language, a translation into the national language or English language, verified in a manner satisfactory to the Authority, shall be kept by the Islamic public fund together with such accounting records and financial statements.
