My bookmarksSign up free
← Islamic Financial Services Board Act 2002

Islamic Financial Services Board Act 2002 s 2

Islamic Financial Services Board Act 2002 s 2

s 2 Interpretation

In this Act, unless the context otherwise requires— “Member” includes a full member and such other categories of members as may be set out in the Agreement; “member of a Technical Committee” means a person nominated by a Member to represent the Member to the Technical Committee; “member of Council” means a person nominated by a Member to represent the Member at the Council; “full member” means— (a) the lead banking or financial supervisory authority of a nation; (b) an intergovernmental international organization responsible for the promotion of Islamic finance or market; or (c) such other person, admitted as a full member by the Council; “member of Secretariat” means any officer or employee of the Board; “Bank” means the Bank Negara Malaysia established by the Central Bank of Malaysia Act 1958 [Act 519]; “Technical Committee” means a Technical Committee of the Board; “national interest” means any matter which would be beneficial or of critical importance to Malaysia including security, economic, social and political interests; “Board” means the Islamic Financial Services Board established by the Agreement; “Council” means the Council of the Board; “Minister” means the Minister charged with the responsibility for finance; “constituent organs” means the General Assembly, the Council, the Technical Committee and the Secretariat; “General Assembly” means the General Assembly of the Board; “Agreement” means the agreement for the establishment of the Board which the Bank is authorized under section 6 of this Act to sign and accept to become a full member of the Board and includes any amendment, addition, modification, or alteration made from time to time; “Secretariat” means the Secretariat of the Board; “Secretary General” means the Secretary General of the Board and includes any person appointed by the Council to act on his behalf during his absence, and any person appointed by the Council to act as the Secretary General during the period of any vacancy in the office of the Secretary General. *NOTE—The Agreement has been signed by the Governor of the Bahrain Monetary Agency, the Governor of Bank Indonesia, the Governor of Bank Markazi Jomhouri Islami Iran, the Governor of the Central Bank of Kuwait, the Governor of Bank Negara Malaysia, the Governor of the State Bank of Pakistan, the Governor of the Saudi Arabian Monetary Agency, the Deputy Governor of the Bank of Sudan and the President of the Islamic Development Bank.

Malay text (authoritative)

Tafsiran

Dalam Akta ini, melainkan jika konteksnya menghendaki makna yang lain— “Anggota” termasuklah anggota penuh dan apa-apa kategori lain bagi anggota sebagaimana yang dinyatakan dalam Perjanjian; *CATATAN—Perjanjian ini telah ditandatangani oleh Gabenor Bahrain Monetary Agency, Gabenor Bank Indonesia, Gabenor Bank Markazi Jomhouri Islami Iran, Gabenor Bank Negara Kuwait, Gabenor Bank Negara Malaysia, Gabenor State Bank of Pakistan, Gabenor Saudi Arabian Monetary Agency, Timbalan Gabenor Bank Sudan dan Presiden Islamic Development Bank. “anggota Jawatankuasa Teknikal” ertinya seseorang yang dilantik oleh sesuatu Anggota untuk mewakilinya dalam Jawatankuasa Teknikal; “anggota Majlis” ertinya seseorang yang dilantik oleh sesuatu Anggota untuk mewakilinya dalam Majlis; “anggota penuh” ertinya— (a) pihak berkuasa pengawal selia perbankan atau kewangan yang utama bagi sesuatu negara; (b) suatu organisasi antarabangsa antara kerajaaan yang bertanggungjawab untuk memajukan kewangan atau pasaran Islam; atau (c) mana-mana orang lain, yang diterima sebagai anggota penuh oleh Majlis; “anggota Sekretariat” ertinya mana-mana pegawai atau kakitangan Lembaga; “Bank” ertinya Bank Negara Malaysia yang ditubuhkan melalui Akta Bank Negara Malaysia 1958 [Akta 519]; “Jawatankuasa Teknikal” ertinya Jawatankuasa Teknikal Lembaga; “kepentingan negara” ertinya apa-apa perkara yang bermanfaat atau amat penting bagi Malaysia termasuk kepentingan keselamatan, ekonomi, sosial dan politik; “Lembaga” ertinya Lembaga Perkhidmatan Kewangan Islam yang ditubuhkan melalui Perjanjian; “Majlis” ertinya Majlis Lembaga; “Menteri” ertinya Menteri yang dipertanggungkan dengan tanggungjawab bagi kewangan; “organ-organ konstituen” ertinya Perhimpunan Agung, Majlis, Jawatankuasa Teknikal dan Sekretariat; “Perhimpunan Agung” ertinya Perhimpunan Agung Lembaga; “Perjanjian” ertinya perjanjian bagi penubuhan Lembaga yang Bank diberi kuasa di bawah seksyen 6 Akta ini untuk menandatangani dan menyetujui terimanya untuk menjadi anggota penuh Lembaga dan termasuk apa-apa pindaan, tambahan, ubah suaian atau perubahan yang dibuat dari semasa ke semasa; “Sekretariat” ertinya Sekretariat Lembaga; “Setiausaha Agung” ertinya Setiausaha Agung Lembaga dan termasuklah mana-mana orang yang dilantik oleh Majlis untuk bertindak bagi pihaknya semasa ketiadaannya, dan mana-mana orang yang dilantik oleh Majlis untuk bertindak sebagai Setiausaha Agung semasa tempoh kekosongan jawatan Setiausaha Agung.

Read this section in the full act →

Find Act 623 on lom.agc.gov.my ↗

Text as at 1 January 2006 (LOM reprint); amendments made after that date may not be incorporated.

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).

What to look at next