Labuan Islamic Financial Services and Securities Act 2010 s 7
Labuan Islamic Financial Services and Securities Act 2010 s 7
s 7 Establishment of the Shariah Supervisory Council
(1) The Authority may establish a Shariah Supervisory Council which shall be the authority for the ascertainment of Islamic law for the purposes of any business regulated or supervised by the Authority.
(2) The Authority shall have the power to determine the terms of reference and the functions of the Shariah Supervisory Council.
(3) The Shariah Supervisory Council may determine its own procedure.
Malay text (authoritative)
Penubuhan Majlis Penyeliaan Shariah
(1) Lembaga boleh menubuhkan suatu Majlis Penyeliaan Shariah yang hendaklah menjadi pihak berkuasa bagi penentuan hukum
Syarak bagi maksud apa-apa perniagaan yang dikawal selia atau diselia oleh Lembaga.
(2) Lembaga hendaklah mempunyai kuasa untuk menentukan terma rujukan dan fungsi Majlis Penyeliaan Shariah.
(3) Majlis Penyeliaan Shariah boleh menentukan tatacaranya sendiri.
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).