Section 27
Section 27
No Islamic bank shall grant any customer any credit facilities or incur any other liabilities on his behalf to an aggregate amount in excess of such percentage as may be determined from time to time by the Central Bank in relation to such bank's capital funds unimpaired by losses or otherwise.
(2)
Subsection (1) shall not apply to—
(a)
transactions with other Islamic banks, with licensed banks under the Banking Act 1973 and with finance companies licensed under the Finance Companies Act 1969;
(b)
any facilities granted in respect of imports into or exports from Malaysia or trade within Malaysia against letters of credit or bills of exchange; or
(c)
any other transactions which the Central Bank may approve from time to time.
(3)
For the purposes of subsection (1), the expression "capital funds" shall have the meaning assigned to it by subsection (2) of section 5.
bld. AAG34 $ \rightarrow $