Malaysia legislation

Section 3

of ISLAMIC FINANCIAL SERVICES BOARD ACT 2002

Section 3

(2)

Without prejudice to the generality of subsection (1), the

Board shall have the capacity to—

(a)

contract;

(b)

acquire, hold and dispose of movable and immovable property; and

(c)

institute legal proceedings.

(3)

The Board may have a common seal and may use it for the purposes set out in subsection (2) or for such other matters as may be agreed by the Council.

Secretariat of the Board