This legislation has been repealed. Do not cite it as law in force.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 21
(1) Whenever a change is about to occur in the Information control of any Islamic bank, the bank shall report the in cotroi proposed change to the Central Bank. of Islamic
(2) Whenever a loan or advance is made by any Banking Act 1973 incorporated in Malaysia or of any Act 102 finance company licensed under the Finance Companies Actó Act 1969, the Islamic bank shall report the fact to the Central Bank.
Sanction for recons• truction, etc., of bank required. IPt. IV, S. 21-22)
(3) The reports required to be made under subsection (2) shall contain the following
(i) the names and addresses of the borrowers; (i1) the name of the Islamic bank, the licensed bank, or finance company issuing the shares by which the loan or advance is secured;
(iii) the number of shares by which the loan or advance is secured; and
(iv) the amount of the loan or advance.
(4) The reports under subsections (1) and (2) shall be in addition to any report which may be required pursuant to the provisions of any other written law.
(5) For the purposes of this section, the expression "'ossessio diretay or indire lly or iche pok en to direbe or cause the direction of the management and policy of the bank.
(6) Any Islamic bank which fails to comply with the provisions of subsection (1) or (2) shall be guilty of an offence and shall on conviction be liable to a fine not exceeding twenty thousand ringgit.
Malay text (authoritative)
(1) Apabila sesuatu perubahan hampir akan ber- Maklumat laku dalam pengawalan mana-mana bank Islam, bank itu hendaklah melaporkan perubahan yang dicadang- pawalan kan itu kepada Bank Negara. Islam.
(2) Apabila sesuatu pinjaman atau pendahuluan dibuat oleh mana-mana bank Islam yang agregatnya dijamin dengan dua puluh peratus atau lebih daripada • syer modal yang telah dibayar bagi mana-mana bank Islam lain atau mana-mana bank berlesen di bawah Akta Bank 1973 yang diperbadankan di Malaysia atau bagi mana-mana syarikat kewangan yang dilesen di bawah Akta Syarikat Kewangan 1969, bank Islam Aksa 6. hendaklah melaporkan fakta itu kepada Bank Negara.
(3) Laporan yang dikehendaki dibuat di bawah subseksyen (2) hendaklah mengandungi yang berikut-
(i) nama dan alamat peminjam-peminjam;
(ii) nama bank Islam, bank berlesen atau syarikat kewangan yang mengeluarkan syer yang dengannya pinjaman atau pendahuluan itu dicagarkan;
(iii) bilangan syer yang dengannya pinjaman atau pendahuluan itu dicagarkan; dan
(iv) amaun pinjaman atau pendahuluan.
(4) Laporan-laporan di bawah subseksyen (1) dan (2) hendaklah menjadi tambahan kepada apa-apa laporan yang mungkin dikehendaki menurut peruntukan manamana undang-undang bertulis yang lain.
(5) Bagi maksud seksyen ini, ungkapan "pengawalan" berhubungan dengan sesuatu bank Islam ertınya pemilikan secara langsung atau secara tak langsung kuasa untuk mengarahkan atau mempastikan pengarahan pengurusan dan dasar bank itu.
(6) Mana-mana bank Islam yang tidak mematuhi peruntukan-peruntukan subseksyen (1) atau (2) adalah melakukan suatu kesalahan dan apabila disabitkan boleh dibu ringsi denda tdak kurang daripsadi dan MA1214 03
-: Sanksi dikehendaki untuk membina semula, dsb., bank. Ans.aavsS Hilang kelayakan pengaral dan pekerjapekerja bank. Akia 125. Akra 102. [Balı. IV, S. 22-23]
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).
