Malaysia legislation

Section 58

of *CENTRAL BANK OF MALAYSIA ACT 2009

Section 58

Shariah Advisory Council ruling prevails

Where the ruling given by a Shariah body or committee constituted in Malaysia by an Islamic financial institution is different from the ruling given by the Shariah Advisory Council, the ruling of the Shariah Advisory Council shall prevail.

Powers of the Bank

The Bank to issue circulars, guidelines, etc., on Shariah matters

Read in full context — *CENTRAL BANK OF MALAYSIA ACT 2009 →