Malaysia legislation
Section 69
of LABUAN ISLAMIC FINANCIAL SERVICES AND SECURITIES ACT 2010
Section 69
(2)
Every Islamic bank licensee shall maintain at all times, such capital adequacy ratio, as may be specified in writing by the Authority from time to time and no Islamic bank licensee shall carry on Labuan Islamic banking business or Labuan Islamic investment banking business if such specified capital adequacy ratio is not complied with, except with the approval of the Authority.
(3)
An Islamic bank licensee shall at all times maintain its capital funds to reflect the risk weighted capital ratio as may be specified in writing by the Authority from time to time.
(4)
The Authority may direct an Islamic bank licensee to take appropriate measures to rectify any deficiencies in such specified ratio in such manner as the Authority deems fit.
Amendment or alteration of constituent documents of Islamic bank licensee