Section 2

in Part III and Schedule 5, the person who submits, on its own behalf or through an advocate, a secretarial firm or other duly authorized representative, the application for authorization under section 9;

in Part VII and Schedule 6, the person who submits, on its own behalf or through an advocate, a secretarial firm or other duly authorized representative, the application for approval under that Part; or

in Part VIII, the person who submits the application to be a financial holding company or proposes another company to be a financial holding company;

“appointed actuary” means an actuary appointed by a licensed takaful operator under subsection 83(1) or by the Bank under section 84;

“appointed date” in respect of any provision under this Act, means the date appointed by the Minister under subsection 1(2)

as the date for the coming into operation of that provision;

Islamic Financial Services 23

“approved business” means any business set out in Part 1 of