Central Bank of Malaysia Act 2009 s 55
s 55 The Bank and Islamic financial institutions to consult Shariah Advisory Council
(1) The Bank shall consult the Shariah Advisory Council on any matter—
(a) relating to Islamic financial business; and
(b) for the purpose of carrying out its functions or conducting its business or affairs under this Act or any other written law in accordance with the Shariah,
which requires the ascertainment of Islamic law by the Shariah Advisory Council.
(2) Any Islamic financial institution in respect of its Islamic financial business, may—
(a) refer for a ruling; or
(b) seek the advice,
of the Shariah Advisory Council on the operations of its business in order to ascertain that it does not involve any element which is inconsistent with the Shariah.
Malay text (authoritative)
Bank dan institusi kewangan Islam hendaklah merujuk kepada Majlis Penasihat Shariah
(1) Bank hendaklah merujuk kepada Majlis Penasihat Shariah mengenai apa-apa perkara—
(a) yang berhubungan dengan perniagaan kewangan Islam; dan
(b) bagi maksud menjalankan fungsinya atau melakukan urusan atau hal ehwalnya di bawah Akta ini atau mana-mana undang-undang bertulis lain mengikut Shariah,
yang menghendaki penentuan hukum Syarak oleh Majlis Penasihat Shariah.
(2) Mana-mana institusi kewangan Islam berkenaan dengan perniagaan kewangan Islamnya, boleh—
(a) membuat rujukan untuk mendapatkan suatu keputusan; atau
(b) mendapatkan nasihat,
Majlis Penasihat Shariah mengenai operasi perniagaannya bagi menentukan bahawa ia tidak melibatkan apa-apa unsur yang tidak selaras dengan Shariah.
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Find Act 701 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).
