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Islamic Financial Services Act 2013: An Annotation, 2nd Edition (Soft Cover)

The Islamic Financial Services Act 2013 combines the previously repealed Islamic Banking Act 1983, Payment Systems Act 2003, Takaful Act 1984, and Exchange Control Act 1953. 

Published: 10 June, 2024

Publisher: LexisNexis

Product Format Details Qty
Book (Soft cover)
MYR 250.00
In Stock ISBN: 9786297669458

This comprehensive legislation establishes a cohesive governance and regulatory structure for Islamic banks in Malaysia, accommodating recent advancements in the financial landscape. This edition of the book not only offers in-depth commentary on every section of the statute but also includes analysis on recent court decisions, incorporating the latest legal amendments and discussing recent cases and judgments.

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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