This legislation has been repealed. Do not cite it as law in force.
Text recovered by OCR from a scanned copy — section numbers and wording may be wrong. Check the official PDF on lom.agc.gov.my before citing.
s 14
(1) The Central Bank may require an Islamic bank Maintenanco to maintain capital funds, unimpaired by losses or fundp. of capital otherwise, in such proportion to such assets of its branches and offices both in Malaysia and outside Malaysia or only of its branches and offices in Malaysia as may be prescribed from time to time by the Central Bank by notice in writing
(2) "Capital funds" in subsection (1) shall have the meaning assigned to that expression in subsection (2) of section 5 but with such modifications as may be specified from time to time for the purposes of subsection (1) by the Central Bank by notice in writing.
[Pt. II, S. 15-16] Maintenance of reserve funds. Percentago of liquid assets. Sub,AHLSS
Malay text (authoritative)
(1) Bank Negara boleh menghendaki sesuatu bank Islam supaya menyenggarakan wang modal, yang tidak tercacat oleh kerugian atau lain-lain, mengikut sekian kadar bagi aset cawangan-cawangan pejabat-pejabatnya di Malaysia dan di luar Malaysia atau hanya bagi cawangan-cawangan dan pejabatpejabatnya • di Malaysia sahaja sebagaimana ditetapkan dari semasa ke semasa oleh Bank Negara dengan notis secara bertulis.
(2) "Wang modal" dalam subseksyen (1) hendaklah' mempunyai erti yang diberi kepada ungkapan itu dalam subseksyen (2) seksyen 5 tetapi dengan apaapa ubahsuaian yang dinyatakan dari semasa ke semasa bagi maksud subseksyen (1) oleh Bank Negara dengan notis secara bertulis.
Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).
