Section 68

An Islamic bank licensee shall, in any bill-head, printed form, letter paper, notice, advertisement, or any other document issued from its office and in the course of its business, prominently print its name, licence number and the words “Labuan Islamic bank” or “Labuan Islamic investment bank”, as the case may be.

No person, not being an Islamic bank licencee, shall, without the written consent of the Authority, assume or use the words “Labuan Islamic bank”, “Labuan Islamic investment bank”

or any derivative of such words in any language capable of being

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construed as indicating the carrying on of Labuan Islamic banking business or Labuan Islamic investment banking business by such person.

Any person who contravenes subsection (3) commits an offence and shall, on conviction, be liable to a fine not exceeding ten million ringgit or to imprisonment for a term not exceeding five years or to both, and in the case of a continuing offence, shall in addition, be liable to a daily fine not exceeding ten thousand ringgit for each day the offence continues to be committed.

Maintenance of capital adequacy ratio