Labuan Islamic Financial Services and Securities Act 2010 s 105
Labuan Islamic Financial Services and Securities Act 2010 s 105
s 105 Establishment of Labuan Islamic trusts
(1) A Labuan Islamic trust shall be a trust established under this section and in accordance with the requirements set out in the Labuan Trusts Act 1996 [Act 554], whereby the establishment of such trust is undertaken expressly with a view that its aims and operations shall be in compliance with Shariah principles.
(2) Unless otherwise provided, the provisions of the Labuan Trusts Act 1996 shall apply to any Labuan Islamic trust.
Malay text (authoritative)
Penubuhan amanah Islam Labuan
(1) Sesuatu amanah Islam Labuan hendaklah merupakan suatu amanah yang ditubuhkan di bawah seksyen ini dan mengikut kehendak yang dinyatakan dalam Akta Amanah Labuan 1996 [Akta 554], yang menurutnya penubuhan amanah itu diusahakan dengan nyata dengan tujuan supaya matlamat dan pengoperasiannya adalah mematuhi prinsip-prinsip Shariah.
(2) Melainkan jika diperuntukkan selainnya, peruntukkan Akta Amanah Labuan 1996 hendaklah terpakai bagi apa-apa amanah Islam Labuan.
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).