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Section 84A

Co-operative society business based on Syariah

of Co-Operative Societies Act 1993

ActIn forceProvision 103 of 119
Section 84A
(1)

Any co-operative society carrying on business or activity based on Syariah may, from time to time, seek the advice of the Syariah

Advisory Council on the operation of its business or activity in order to ensure that it is in accordance with Syariah.

(2)

Any co-operative society carrying on business under subsection (1) shall comply with any written directions issued from time to time by the Commission, in consultation with the Syariah

Advisory Council.

(3)

For the purpose of this section, “Syariah Advisory Council”

means the Syariah Advisory Council established under subsection 16B(1) of the Central Bank of Malaysia Act 1958 [Act 519].

84 Laws of Malaysia ACT 502