Labuan Islamic Financial Services and Securities Act 2010 s 132
Labuan Islamic Financial Services and Securities Act 2010 s 132
s 132 Internal Shariah compliance review
The internal Shariah advisory board of an Islamic bank licensee, a takaful licensee, an Islamic securities licensee and, a fund manager regulated under Part IV, shall conduct an internal review of the business and operations of such Islamic bank licensee, takaful licensee, Islamic securities licensee and, fund manager regulated under Part IV, as the Authority may specify from time to time, for the purpose of ascertaining whether such business and operations are in compliance with Shariah principles.
Malay text (authoritative)
Kajian semula pematuhan Shariah dalaman
Lembaga penasihat Shariah dalaman bagi seseorang pemegang lesen bank Islam pemegang lesen takaful, pemegang lesen sekuriti Islam dan, pengurus dana yang dikawal selia di bawah Bahagian IV, hendaklah menjalankan suatu kajian semula dalaman perniagaan dan operasi, pemegang lesen bank Islam, pemegang lesen takaful, pemegang lesen sekuriti Islam dan, pengurus dana yang dikawal selia di bawah Bahagian IV, sebagaimana yang ditentukan oleh Lembaga dari semasa ke semasa bagi maksud menentukan sama ada perniagaan dan pengoperasian itu mematuhi prinsip-prinsip Shariah.
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).
