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← Labuan Islamic Financial Services and Securities Act 2010

Labuan Islamic Financial Services and Securities Act 2010 s 10

Labuan Islamic Financial Services and Securities Act 2010 s 10

s 10 Appointment of members to the Shariah Supervisory Council

(1) The Authority shall appoint qualified persons as members of the Shariah Supervisory Council. (2) The Authority may, in addition to the members appointed pursuant to subsection (1), appoint persons who may not fulfil the requirement of qualified persons as to qualifications and expertise in Islamic commercial law or Islamic jurisprudence but who have knowledge or expertise in banking, finance, law, or any other related discipline as members of the Shariah Supervisory Council. (3) The members of the Shariah Supervisory Council shall be paid such remuneration and allowances as may be determined by the Authority from the funds of the Authority.

Malay text (authoritative)

Pelantikan anggota Majlis Penyeliaan Shariah

(1) Lembaga hendaklah melantik orang yang layak sebagai anggota Majlis Penyeliaan Shariah. (2) Lembaga boleh, sebagai tambahan kepada anggota yang dilantik menurut subseksyen (1), melantik orang yang tidak memenuhi keperluan sebagai orang yang layak mengenai kelayakan dan kepakaran dalam undang-undang komersial Islam atau jurisprudens Islam tetapi mempunyai pengetahuan atau kepakaran dalam perbankan, kewangan, undang-undang, atau apa-apa disiplin berkaitan yang lain sebagai anggota Majlis Penyeliaan Shariah. (3) Anggota Majlis Penyeliaan Shariah hendaklah dibayar apaapa saraan dan elaun sebagaimana yang ditentukan oleh Lembaga daripada kumpulan wang Lembaga.

Read this section in the full act → · Open Part II →

Find Act 705 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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