Malaysia legislation
Section 133
of LABUAN ISLAMIC FINANCIAL SERVICES AND SECURITIES ACT 2010
Section 133
External Syariah compliance review
(1)
An Islamic bank licensee, takaful licensee, Islamic securities licensee and, a fund manager regulated under Part IV may engage, other than its internal Syariah advisory board, a qualified person to conduct an external review of its business and operations at its own discretion for the purpose of determining whether such business and operations are in compliance with
Syariah principles, and such Islamic bank licensee, takaful licensee,
Islamic securities licensee and, fund manager regulated under