Islamic Financial Services Act 2013: An Annotation (eBook)

The Islamic Financial Services Act 2013 consolidates the new repealed Islamic Banking Act 1983, Payment Systems Act 2003, Takaful Act 1984 and Exchange Control Act 1953. The new Act provides a more uniform governance and regulatory framework for Islamic banks in Malaysia and caters for new developments in the financial market. This book provides detailed commentary on each section of the statute, as well as analysis on the reported decisions of the court.

Published: 19 December, 2018

Publisher: LexisNexis

Product Format Details Qty
eBook
MYR  140.40
ISBN: 9789674008154
The Islamic Financial Services Act 2013 consolidates the new repealed Islamic Banking Act 1983, Payment Systems Act 2003, Takaful Act 1984 and Exchange Control Act 1953. The new Act provides a more uniform governance and regulatory framework for Islamic banks in Malaysia and caters for new developments in the financial market. This book provides detailed commentary on each section of the statute, as well as analysis on the reported decisions of the court.

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

Schedule 1-16

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