Islamic Banking Act 1983 s 49
This legislation has been repealed. Do not cite it as law in force.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 49
Any director, officer or employee of an Islamic commission bank, or other persons being persons receiving remuneby staff. ration from the Islamic bank, who asks for or receives,
r destroys ny report, business, assets or auses any concealed iviction be ringgit or 'e years or ion of this 'm, society t the time ector, maeof or was deemed to the offence .vance and t the comexercised, ns in that er this Act omission, ne punishneglect or f the clerk , omission, or servant igent when e clerk or urse of his id the act, ed by the under this an Islamic ng remuneor receives, ommission, ty or thing Ivantage or [Pt. VII, S. 49-53] for that of any of his relatives, from any person other than from that bank, for procuring or endeavouring to lacility from that bank or the purchase or discount o gations by the bank, or for permitting any person to overdraw any account with that bank, shall be guilty of an offence and shall on conviction be liable to a not exceeding twenty thousand ringgit or to imprisonment for a term not exceeding three years or to both such fine and imprisonment.
Malay text (authoritative)
Seseorang pengarah, pegawai atau pekerja sesuatu bank Islam atau orang-orang lain iaitu orang-orang yang menerima saraan daripada bank Islam itu, yang meminta atau menerima, mengizinkan atau bersetuju menerima apa-apa hadiah, komisen, emolumen, per- Khidmatan, ganjaran, wang, harta atau barang yang bernilai untuk faedah dan keuntungan dirinya sendirı atau untuk faedah atau keuntungan saudara-maranya, daripada mama-mana orang lain daripada bank itu, kerana mendapatkan atau berusaha untuk mendapatkan bagi mana-mana orang sesuatu pendahuluan, pinjaman atau kemudahan kredit dari bank itu atau pembelian atau diskaun bagi apa-apa overdraf, surat, cek, bil pertukaran atau obligasi-obligasi lain oleh bank itu, atau kerana membenarkan mana-mana orang mengeluarkan terlebih dari sesuatu akaunnya dengan bank itu, adalah melakukan suatu kesalahan dan apabila disabitkan boleh dikenakan denda tidak lebih daripada dua puluh ribu ringgit atau penjara selama suatu tempoh tidak lebih daripada tiga tahun atau denda dan penjara itu kedua-duamya.
Read this section in the full act → · Open Part VII →
Find Act 276 on lom.agc.gov.my ↗
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).
