Malaysia legislation
Section 75
of LABUAN ISLAMIC FINANCIAL SERVICES AND SECURITIES ACT 2010
Section 75
Payment from a deceased person’s account
(a)
the death of such deceased person; and
(b)
his entitlement under the law to the sum standing to the credit of such deceased person.
(2)
An Islamic bank licensee shall not make any payment under subsection (1) if it has received other claims to any money standing to the credit of the deceased person.
Act 705
(3)
An Islamic bank licensee or its directors or officers shall not be liable in respect of any claim by any person in connection with any payment made in accordance with this section but such person may recover any sum lawfully due to him from the person to whom such payment has been made.