Section 2

"branch" in relation to an Islamic bank includes a mobile branch of the bank and a branch established and maintained for a limited period only;

"Central Bank" means the Central Bank of Malaysia established by the Central Bank of Malaysia Ordinance 1958;

"corporation" has the meaning assigned to it by the Companies Act 1965;

"company" has the meaning assigned to it by the Companies Act 1965;

"depositor" means a person who has an account at an Islamic bank, whether the account is a current account, a savings account, an investment account or any other deposit account;

" foreign company " " foreign institution " . . .

"International Islamic Bank".

"Islamic bank" means any company which carries on Islamic banking business and holds a valid licence; and all the offices and branches in Malaysia of such a bank shall be deemed to be one bank;

"Islamic banking business" means banking business whose aims and operations do not involve any element which is not approved by the Religion of Islam;

"Islamic deposit"...

"investment account liabilities" in relation to an Islamic bank means the deposit liabilities at that bank in respect of funds placed by a depositor with that bank of a fixed period of time under an agreement to share the profits and losses of that bank on the investment of such funds;

"licence" means a licence granted under section 3;

"other deposit liabilities" in relation to an Islamic bank means the deposit liabilities at that bank other than savings account, investment account, sight and time liabilities and deposit liabilities from any other Islamic bank, any licensed bank under the Banking Act 1973 or the Central Bank;

"public company" has the meaning assigned to it by the Companies Act 1965;

"savings account liabilities" in relation to an Islamic bank means the total deposits at that bank which normally require the presentation of passbooks or such other documents in lieu of passbooks as approved by the Central Bank for the deposit or withdrawal of moneys;

"share" means share in the share capital of a corporation and includes stock, except where a distinction between stock and share is expressed or implied;

"sight liabilities" in relation to an Islamic bank means the total deposits at that bank which are repayable on demand, but does not include savings account liabilities or the deposits of any other Islamic bank, any licensed bank under the Banking Act 1973 or the Central Bank;

"subsidiary" has the meaning assigned to it under section 5 of the Companies Act 1965;

ly company rich carries s" means ther than ess as the any Syarian body or profit business, business, a a limited other place e Banking igned to it an Islamic bank which ooks or such approved by hdrawal of bank means repayable on nt liabilities any licensed central Bank;

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"time liabilities" in relation to an Islamic bank means the total deposits at that bank which are repayable otherwise than on demand, but does not include savings account liabilities or the deposits of any other Islamic bank, any licensed bank under the Banking Act 1973 or the Central Bank.