Malaysia legislation
Section 7
of *ADMINISTRATION OF ISLAMIC LAW (FEDERAL TERRITORIES) ACT 1993
Section 7
Duty of the Majlis for socio-economic development of Muslims
(1)
It shall be the duty of the Majlis to promote, stimulate, facilitate and undertake the economic and social development and well-being of the Muslim community in the Federal Territories consistent with Islamic Law.
(2)
The Majlis shall have power, for the purpose of the discharge of its duty under subsection (1)—
(a)
to carry on all activities, which will not involve any element which is not approved by the religion of Islam, particularly the development of commercial and industrial enterprises, the carrying on whereof appears to it to be requisite, advantageous or convenient for or in connection with the discharge of its said duty, including the manufacturing, assembling, processing, packing, grading and marketing of products;
(b)
to promote the carrying on of any such activities by other bodies or persons, and for that purpose to establish or expand, or promote the establishment or expansion of, other bodies to carry on any such activities either under the control or partial control of the Majlis or independently, and to give assistance to other bodies or persons appearing to the Majlis to have the facilities for the carrying on of any such activities, including the giving of financial assistance by way of loan or otherwise;
(c)
to carry on any such activities in association with other bodies or persons, including the departments or authorities of the Federal Government, or as managing agent or otherwise on behalf of the Federal Government;
16 Laws of Malaysia ACT 505
(d)
to invest in any authorized investment as defined by the
Trustee Act 1949 [Act 208], and to dispose of the same on such terms and conditions as the Majlis may determine;
(e)
subject to the approval of the Finance Minister, to establish any scheme for the granting of loans from the
Fund to Muslim individuals for higher learning;
(f)
to establish and maintain Islamic schools, and Islamic training and research institutions; and
(g)
to do all acts which the Majlis considers desirable or expedient.
Powers to establish corporations