s 57
(1) Section 2 of the Banking Act 1973 is amended- Amanking (a) by inserting immediately after the definition of Act 1973. "depositor" the following new definition: ' "Islamic bank" means a bank licensed under the Islamic Banking Act 1983;; and Act 276. (b) by inserting immediately after the words "other licensad bank" in the definitions of "other deposit liabilities", "sight liabilities" and "time liabilities" the words ", any Islamic bank". (2) Section 9 of the Banking Act 1973 is amended by substituting for paragraph (b) of subsection (1) the following: "(b) no bank shall hereafter be licensed by a name which includes— (i) any of the words "Central", "Commonwealth", "Federal", "Federation" "Malaysia", "Malaysian", "National", "Reserve", or "State"; .. .:: (il) any of the words "Islamic" or "Muslim" or any other words capable of being construed as indicating that the bank carries on Islamic banking business, either in National Language or in English or il any other language.' [Pr. VIII, S. 57-59] (3) Seotion 59 of the Banking Act 1973 is amendea by deleting the word "and" at the end of paragraph (b) of subsection (1), substituting a semicolon for the full stop at the end of paragraph (c) of that subsection and inserting immediately thereafter the word "and" and inserting immediately after that paragraph the "(d) any Islamic bank.". Amendment 58. (1) Section 4 of the Companies Act 1965 is Companies Act 1965. Áct 125. Act 276. amended by inserting immediately after the words "1973" in the definition of "banking corporation" the words "and an Islamic bank as defined in the Islamic (2) Section 218 of the Companies Act 1965 is amended by substituting for paragraph (j) of subsection (1) the following: (j) the company has held a licence under the Act 102. Act 276. Banking Act 1973 or the Islamic Banking Act 1983, and that licence has been revoked or has expired and has not been renewed; Amendment 59. (1) Section 2 of the Central Bank of Malaysia Bank of Malaysia Ordinance 1958. 61/58. Act 276. Ordinance 1958, which in this section is referred to as "the Ordinance", is amended (a) by inserting immediately before the semicolon at the end of the definition of "bank" the words "or the Islamic Banking Act 1983"; (b) by insenting immediately after the definition of "Governor" the following new definitions: '"investment account liabilities" in relation to an Islamic bank means the deposit liabilities at that bank in respect of funds placed by a depositor with that bank for a Pnc mectnent of sten indet thit santk oi "Islamic bank" means a bank licensed under the Islamic Banking Act 1983;; and !. Act 276. ; amended agraph (b) or the full subsection rd "and" graph the : 1965 is the words ation" the he Islamic t 1965 is subsection under the c Banking en revoked 1 renewed; : Malaysia erred to as semicolon 'the words efinition of ritions: es" in rethe deposit t of funds bank for a reement to it bank on ik licensed 183;; and [Pr. VIli, S. 59] (c) by inserting immediately after the words "in relation to a bank" in the definition of "other deposit liabilities" the words "other than an Isiamic bank" and by inserting immediately after the semicolon at the end of that definition the following words: "and in relation to an Islamic bank means deposit liabilities at that bank other than savings account, investment account, and time liabilities and deposit liabilities from another bank or the Central Bank;". (2) Section 37 of the Ordinance is amended— (a) by inserting immediately after the words "payable to or by banks] in paragraph (b) of subsection (1) the words "other than Islamic banks"; (b) by inserting immediately after the words "each bank" in paragraph (c) of subsection (1) the words" susiuing a semiclon forihe tul stop bt the end of that paragraph; (c) by inserting immediately after paragraph (c) of subsection (1) the following new paragraph (d): "(d) a reserve to be held by each Islamic bank at the Central Bank comprising such amounts expressed as a percentage of each bank's sight, savings account, investment account, time and other deposit liabilities as may be approved by the Minister on the recommendation of the Board, whether denominated in Malaysian or foreign currency."; and (d) by inserting immediately after the words "paragraph (c)" in subsection (2) the words "or' (d)" (3) Section 41 of the Ordinance is amended by substituting for the words "banks or groups of banks" in the first paragraph the words "banks other than Islamic banks or groups of such banks, nor shall it discrininate among Tsamic banks o groups of sial ie (4) Section 42 of the Ordinance is amended by 19731 the wordiatelyhe tetamie Bands "Act 1983Act 973" the words " Act 276. [Pt. VIII, S. 59-60] (5) Section 51 of the Ordinance is amended- (a) by deleting the words "interest charge" in paragraph (a) of subsection (4); and (b) by deleting the word "interest" in paragraph (b) of subsection (4). Amendment 60. Section 2 of the Finance Companies Act 1969 is of Finance Companies amended by substituting for. the words "to carry or Act 1969. banking business in the Federation" in the definition Act6. of "bank" the words "under the Banking Act 1973 or an Islamic bank licensed under the Islamic Banking Act 276. Act 1983" DICETAK OLEL JABATAN PERCETAKAN NEGARA, KUALA LUMPUR DENGIN PERINTAII PADA 1010 MAC 1983 Harga: $1.50