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← Labuan Islamic Financial Services and Securities Act 2010

Labuan Islamic Financial Services and Securities Act 2010 s 146

Labuan Islamic Financial Services and Securities Act 2010 s 146

s 146 Non-application of certain laws

(1) No Islamic bank licensee shall, in respect of any business carried on by such licensee, be subjected to any of the provisions of the Banking and Financial Institutions Act 1989 and the Islamic Banking Act 1983. (2) No takaful licensee shall, in respect of any business carried on by such licensee under Part VII, be subjected to any of the provisions of the Insurance Act 1996 [Act 553] and the Takaful Act 1984.

Malay text (authoritative)

Ketidakpakaian undang-undang tertentu

(1) Tiada pemegang bank Islam boleh, berkenaan dengan apa-apa perniagaan yang dijalankan oleh pemegang lesen itu, dijadikan tertakluk kepada mana-mana peruntukan Akta Bank dan Institusi-Institusi Kewangan 1989 dan Akta Bank Islam 1983. (2) Tiada pemegang lesen takaful boleh, berkenaan dengan apaapa perniagaan yang dijalankan oleh pemegang lesen itu di bawah Bahagian VII, dijadikan tertakluk kepada mana-mana peruntukan Akta Insurans 1996 [Akta 553] dan Akta Takaful 1984.

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

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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