Labuan Islamic Financial Services and Securities Act 2010 s 111
Labuan Islamic Financial Services and Securities Act 2010 s 111
s 111 Establishment of Labuan Islamic limited partnership and Labuan Islamic limited liability partnership
(1) A Labuan Islamic limited partnership and Labuan Islamic limited liability partnership shall be established under this section and in accordance with the Labuan Limited Partnerships and Limited Liability Partnerships Act 2010, whereby the establishment of such partnership 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 Limited Partnerships and Limited Liability Partnerships Act 2010 shall apply to any Labuan Islamic limited partnership and Labuan Islamic limited liability partnership.
Malay text (authoritative)
Penubuhan perkongsian terhad Islam Labuan dan perkongsian liabiliti terhad Islam Labuan
(1) Sesuatu perkongsian terhad Islam Labuan dan perkongsian liabiliti terhad Islam Labuan hendaklah ditubuhkan di bawah seksyen ini dan mengikut Akta Perkongsian Terhad dan Perkongsian Liabiliti Terhad Labuan 2010, yang menurutnya penubuhan perkongsian itu dijalankan dengan nyata dengan tujuan bahawa matlamat dan pengoperasiannya hendaklah mematuhi prinsip-prinsip Shariah.
(2) Melainkan jika diperuntukkan selainnya, peruntukan Akta Perkongsian Terhad dan Perkongsian Liabiliti Terhad Labuan 2010 hendaklah terpakai bagi mana-mana perkongsian terhad Islam Labuan dan perkongsian liabiliti terhad 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).
