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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The Islamic Financial Services Act 2013 consolidates the new repealed Islamic Banking Act 1983, Payment Systems Act 2003, Takaful Act 1984 and Exchange Control Act 1953.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.
Publisher: LexisNexis
eBook
RM 130.00
Quantity
Published: 19 December, 2018
ISBN/ISSN: 9789674008154
Publisher: LexisNexis
Country: Malaysia

Product description

The Islamic Financial Services Act 2013 consolidates the new repealed Islamic Banking Act 1983, Payment Systems Act 2003, Takaful Act 1984 and Exchange Control Act 1953.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

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Table of contents

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