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Islamic Banking Act 1983 s 58

Islamic Banking Act 1983 s 58

This legislation has been repealed. Do not cite it as law in force.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.

The English text of this section is not available from the official source; the Malay text (which is authoritative) is shown below.

s 58

(1) Seksyen 4 Akta Syarikat 1965 adalah dipinda deng an9737 dalama raseil s saling cprporation pka- 9/k pet-1965. kataan-perkataan "and an Islamic bank as defined in Akta 125. the Islamic Banking Act 1983'. (2) Seksyen 218 Akta Syarikat 1965 adalah dipinda menggantikan paragraf ) subseksyen (1) dengan yang berikut: (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 Banking Act 1973 or the Islamic Banking Act 1983, and that licence has been revoked or has expired and has not been renewed; 5958, y Sc sebul Ordinan" Balam sNksyen in, adayaia Brndan dipinda— (a) dengan memasukkan sebelum sahaja koma ber- 1958. titik pada penghujung takrif "bank" perkataan- 61/58. perkataan "or the Islamic Banking Act 1983"; Act 276. (b) derovenoremakril baru selepas sauaia takrit 'Governoı • "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 fixed period of time under an agreement to share the profits or losses of that bank on the investment of such funds; "Islamic bank" means a bank licensed under the Islamic Banking Act 1983;; dan Act 276. (c) dengan memasukkan selepas sahaja perkataanperkataan "in relation to a bank" dalam takrif 'other deposit liabilities" perkataan-perkataar "other thân an Islamic bank" dan dengan memasukkan selepas sahaja koma bertitik pada Derikut ung takrif itu perkataan-perkataan yang "and in relation to an Islamic bank means deposit liabilities at that bank other than. savings account, investment account, sight and time liabilities and deposit liabilities from another bank or the Central Bank;". [Bah. VIII, S. 59] Act 276. !.: (2) Seksyen 37 Ordinan adalah dipinda— (a) dengan in maaykkae soeors ba banksr dalam perkataan paragrat (b) subseksyen (1) perkataan-perkataaı 'other than Islamic banks () denkalane rcach ban s depas alara par kalar. , other than an Islamid barkat dan menggantikan noktah pada penghujung paragraf dengan koma ber- (c) dengan memasukkan selepas sahaja paragraf (c) subseksyen (1) paragraf baru (d) yang berikut: "(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."; dan (d) dengan memasukkan selepas sahaja perkataanperkataan "paragraph (c)" dalam subseksyen (2) perkataan-perkataan "or (d)". (3) Seksyen 41 Ordinan adalah dipinda dengan menggantıkan perkataan-perkataan , "banks or groups of banks" dalam paragraf pertama dengan perkataanperkataan "banks other than Islamic banks or groups of such banks, nor shall it discriminate among Islamic banks or groups of Islamic banks," (4) Seksyen 42 Ordinan adalah dipinda dengan memasukkan selepas sahaja perkataan-perkataan "Banking Act, 1973" perkataan-perkataan "or the Islamic Banking Act 1983" (5) Seksyen 51 Ordinan adalah dipinda— (a) derest chargeotonam pkatgrat (a) atascksyen (4); dan (b) dengan memotong perkataan "interest" dalam paragraf (b) subseksyen (4). 1dathaja perkataanbanks" dalam ataan-perkataan haja perkataan- )aragrat (c) subother than antikan noktah gan koma beraja paragraf (c) 'yang berikut: h Isiamic bank mprising such percentage of iccount, investother deposit roved by the idation of the ted in Malayaja perkataanm subseksyen dengan mengi groups of n perkataaniks or groups mong Islamic inda dengan an-perkataan lan "or the [Bah. VIII, S. 60]

Read this section in the full act →

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).

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