Malaysia legislation
Section 11
of LABUAN ISLAMIC FINANCIAL SERVICES AND SECURITIES ACT 2010
Section 11
(a)
take into consideration any guideline, direction, advisory, notice or circular issued by the Authority pursuant to its powers under the Labuan Financial Services Authority
Act 1996; or
(b)
refer such question to the Syariah Supervisory Council for its ruling.
Act 705
(2)
Any ruling made by the Syariah Supervisory Council pursuant to a reference made under paragraph (1)(b) shall, for the purposes of proceedings in respect of which the reference was made, be taken into consideration by the court or arbitrator in arriving at a decision.