Labuan Islamic Financial Services and Securities Act 2010 s 36
Labuan Islamic Financial Services and Securities Act 2010 s 36
s 36 Islamic public fund shall be registered
(1) No Islamic public fund shall carry on business, arrange or administer its affairs in Labuan unless it has been granted registration under paragraph 38(1)(a).
(2) Subject to subsection (3), no proposed Islamic public fund shall carry on business, arrange or administer its affairs unless it has been granted provisional acceptance under paragraph 38(1)
(b).
(3) A proposed Islamic public fund to which a provisional acceptance has been granted under paragraph 38(1)(b) shall not carry on business, arrange or administer its affairs without the prior written consent of the Authority.
Malay text (authoritative)
Dana awam Islam hendaklah didaftarkan
(1) Tiada dana awam Islam boleh menjalankan perniagaan, mengaturkan atau mentadbirkan hal ehwalnya dalam Labuan melainkan jika ia telah dibenarkan pendaftaran di bawah perenggan 38(1)(a).
(2) Tertakluk kepada subseksyen (3), tiada dana awam Islam yang dicadangkan boleh menjalankan perniagaan, mengaturkan atau mentadbirkan hal ehwalnya melainkan jika ia telah dibenarkan penerimaan bersyarat di bawah perenggan 38(1)(b).
(3) Sesuatu dana awam Islam yang dicadangkan yang baginya suatu penerimaan bersyarat telah dibenarkan di bawah perenggan 38(1)(b) tidak boleh menjalankan perniagaan, mengaturkan atau mentadbirkan hal ehwalnya tanpa keizinan bertulis Lembaga terlebih dahulu.
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).
