




Islamic Financial Services Act 2013: An Annotation, 2nd Edition | 2024
Islamic Financial Services Act 2013: An Annotation, 2nd Edition | 2024
Author | Mohd Johan Lee |
Publication Date | June 2024 |
ISBN | 9786297669458 |
Format |
Soft Cover / eBook |
Publisher | LexisNexis |
The Islamic Financial Services Act 2013 consolidates the formerly repealed Islamic Banking Act 1983, Payment Systems Act 2003, Takaful Act 1984, and Exchange Control Act 1953.
This all-encompassing legislation creates a unified governance and regulatory framework for Islamic banks in Malaysia, reflecting recent developments in the financial sector. This edition of the book provides detailed commentary on each section of the statute, includes analysis of recent court decisions, incorporates the latest legal amendments, and discusses recent cases and judgments.
Contents of Islamic Financial Services Act 2013: An Annotation, 2nd Edition | 2024 :
Introduction
Part I: Preliminary
Part II: Regulatory objectives and powers and functions of bank
Part III: Authorization
Part IV: Shariah requirements
Part V: Payment systems
Part VI: Prudential Requirements
Part VII: Ownership, control and transfer of business
Part VIII: Financial groups
Part IX: Business conduct and consumer protection
Part X: Islamic money market and Islamic foreign exchange market
Part XI: Submission of document or information
Part XII: Examination
Part XIII: Directions of compliance
Part XIV: Intervention and remedial action
Part XV: Other powers of bank
Part XVI: Enforcement and penalties
Part XVII: General provisions
Part XVIII: Repeal, savings and transitional
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