Section 134

In the winding up of a deposit-taking member, the assets of the deposit-taking member shall be available to meet all liabilities of that deposit-taking member in respect of all deposits in Malaysia in priority to all other unsecured liabilities of that deposit-taking member in

Malaysia other than the preferential debts set out in subsection 527(1)

of the Companies Act 2016 in the order set out in that subsection and debts due and claims owing to the Government under section 10 of the

Government Proceedings Act 1956 [Act 359].

Malaysia Deposit Insurance Corporation 147

Priority of payments in the winding up of a deposit-taking member carrying on Islamic banking business