Labuan Islamic Financial Services and Securities Act 2010 s 108
s 108 Object and purpose
(1) The object and purpose of a Labuan Islamic foundation shall not include any object or purpose which are not in compliance with Shariah principles.
(2) A Labuan Islamic foundation shall not carry out any activity which is not in compliance with Shariah principles.
Malay text (authoritative)
Matlamat dan maksud
(1) Matlamat dan maksud yayasan Islam Labuan tidak termasuk apa-apa matlamat atau maksud yang tidak mematuhi prinsip-prinsip Shariah.
(2) Sesuatu yayasan Islam Labuan tidak boleh menjalankan apa-apa aktiviti yang tidak mematuhi prinsip-prinsip Shariah.
Read this section in the full act β Β· Open Part IX β
Find Act 705 on lom.agc.gov.my β
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).