Malaysia legislation

Section 8

of LABUAN ISLAMIC FINANCIAL SERVICES AND SECURITIES ACT 2010

Section 8

The Syariah Supervisory Council shall have the following functions:

(a)

to ascertain Islamic law for the purposes of any business regulated or supervised by the Authority and issue a ruling upon reference made to it in accordance with section 9;

(b)

to advise on any Syariah issue relating to any business regulated or supervised by the Authority upon reference made to it in accordance with section 9; and

(c)

any other functions as may be determined by the Authority.

Power to make rulings and give advice

Section 8 — LABUAN ISLAMIC FINANCIAL SERVICES AND SECURITIES ACT 2010