What is Akta Perkhidmatan Kewangan Islam 2013?

Islamic Financial Services Act 2013 is Malaysia Act, cited as Act 759 2013, currently marked in force and first recorded in 2013.

Is Akta Perkhidmatan Kewangan Islam 2013 still in force?

Yes — Akta Perkhidmatan Kewangan Islam 2013 is currently in force.

When did Akta Perkhidmatan Kewangan Islam 2013 take effect?

Akta Perkhidmatan Kewangan Islam 2013 was first recorded in 2013.

How many schedules does Akta Perkhidmatan Kewangan Islam 2013 have?

Akta Perkhidmatan Kewangan Islam 2013 contains 23 schedules.

Where can I read the official version of Akta Perkhidmatan Kewangan Islam 2013?

The official text of Akta Perkhidmatan Kewangan Islam 2013 is published at lom.agc.gov.my.

ActIn force

Islamic Financial Services Act 2013

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Bahasa Malaysia English

Enacted: 2013
Sections: 25
Languages: MS · EN

Large legislation

This Act is large; open any provision below to read its full text.

Front matterISLAMIC FINANCIAL
PreambleAn Act to provide for the regulation and supervision of Islamic financial institutions, payment systems and other relevant entities and the...
Part I
TextPRELIMINARY
Section 1(1) This Act may be cited as the Islamic Financial Services Act 2013.
Section 2Interpretation
ScheduleSchedule 1; “approved Islamic financial adviser” means a person approved under section 11 to carry on Islamic financial advisory business;...
ScheduleSchedule 14, subsection (2) shall apply to— (a) all persons, classes, categories or descriptions of persons including their nominees or any...
ScheduleSCHEDULE 1 [Subsection 2(1), sections 8, 43, 45, 46 and 168] APPROVED BUSINESS PART I Businesses which require approval 1. Operation of a p...
ScheduleSCHEDULE 2 [Paragraphs 2(1)(iv) and 148(iv)] OTHER EXCLUSIONS FROM DEFINITION OF “ISLAMIC DEPOSIT” PART 1 Money paid by any person to— (a)...
ScheduleSCHEDULE 3 [Subsection 2(1)] INTEREST IN SHARES Direct interest in shares 1. Where a person holds shares or has entered into a contract to...
ScheduleSCHEDULE 4 [Paragraph 5(5)(c)] BUSINESS WHICH IS NOT TAKAFUL BUSINESS 1. The operation by an employer, otherwise than for profit, of a sche...
ScheduleSCHEDULE 5 [Sections 10 and 11] FACTORS FOR CONSIDERATION IN ASSESSING APPLICATION FOR LICENCE UNDER SECTION 10 OR APPROVAL UNDER SECTION 1...
ScheduleSCHEDULE 6 [Subsections 102(2), 103(1) and 124(2)] FACTORS FOR CONSIDERATION IN ASSESSING SHAREHOLDER SUITABILITY 1. The character and inte...
ScheduleSCHEDULE 7 [Subsection 136(1)] LIST OF PROHIBITED BUSINESS CONDUCT 1. Engaging in conduct that is misleading or deceptive, or is likely to...
ScheduleSCHEDULE 8 [Section 140] PROVISIONS RELATING TO TAKAFUL CERTIFICATES Paragraph 1. Misstatement of age Islamic Financial Services 265 Paragr...
ScheduleSCHEDULE 9 [Section 141] PRE-CONTRACTUAL DISCLOSURE AND REPRESENTATIONS, AND REMEDIES FOR MISREPRESENTATIONS PART 1 Preliminary Paragraph 1...
ScheduleSCHEDULE 10 [Section 142] PAYMENT OF TAKAFUL BENEFITS UNDER FAMILY TAKAFUL CERTIFICATE AND PERSONAL ACCIDENT TAKAFUL CERTIFICATE Paragraph...
ScheduleSCHEDULE 11 [Section 146] PERMITTED DISCLOSURES First column Purposes for or circumstances in which customer documents or information may b...
ScheduleSCHEDULE 12 [Subsection 151(2)] RESTRICTION ON USE OF CERTAIN WORDS PART 1 Islamic bank 1. An association of licensed Islamic banks or asso...
ScheduleSCHEDULE 13 [Subsection 189(1)] ADDITIONAL PROVISIONS RELATING TO COMPULSORY TRANSFER The Third Schedule of the Central Bank of Malaysia Ac...
ScheduleSCHEDULE 14 [Subsection 225(2)] LIST OF TRANSACTIONS 1. The act of— (a) buying, selling, exchanging, borrowing or lending; (b) issuing, pub...
ScheduleSCHEDULE 15 [Paragraph 245(3)(b)] IMPOSITION OF MONETARY PENALTY A monetary penalty may be imposed in respect of a breach or non-compliance...
ScheduleSCHEDULE 16 [Section 283] LIST OF SUBSIDIARY LEGISLATION REVOKED 1. Takaful (Operators Registration) Regulations 1985 [P.U. (A) 308/1985] 2...
ScheduleSchedule 11) Order 2021 11-02-2021 P.U. (A) 299/2023 Islamic Financial Services (Amendment of
ScheduleSchedule 11) Order 2023 06-10-2023 P.U. (A) 462/2024 Islamic Financial Services (Amendment of
ScheduleSchedule 2) Order 2024 02-01-2025 305 Act 759 LIST OF SECTIONS AMENDED Section Amending authority In force from
ScheduleSchedule 2 P.U. (A) 462/2024 02-01-2025
ScheduleSchedule 11 P.U. (A) 52/2021 P.U. (A) 299/2023 11-02-2021 06-10-2023

Common questions

What is Akta Perkhidmatan Kewangan Islam 2013?: Islamic Financial Services Act 2013 is Malaysia Act, cited as Act 759 2013, currently marked in force and first recorded in 2013.
Is Akta Perkhidmatan Kewangan Islam 2013 still in force?: Yes — Akta Perkhidmatan Kewangan Islam 2013 is currently in force.
When did Akta Perkhidmatan Kewangan Islam 2013 take effect?: Akta Perkhidmatan Kewangan Islam 2013 was first recorded in 2013.
How many schedules does Akta Perkhidmatan Kewangan Islam 2013 have?: Akta Perkhidmatan Kewangan Islam 2013 contains 23 schedules.
Where can I read the official version of Akta Perkhidmatan Kewangan Islam 2013?: The official text of Akta Perkhidmatan Kewangan Islam 2013 is published at lom.agc.gov.my.

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