Section 316c

Where the Minister has made a prescription under section 5 in respect of Islamic securities, Islamic derivatives or Islamic capital market products, the Minister may make such modifications in the prescription on the usage of expressions in the securities laws as may be necessary to give full effect to the principles of Shariah in respect of such Islamic securities, Islamic derivatives or Islamic capital market products.

Application of Division 4 of Part VI of this Act 316d.  Any reference to the “borrower” in Division 4 of

Part VI of this Act shall be construed as a reference to an

“issuer of sukuk” or “issuer of an Islamic structured product”

for the purposes of the application of those provisions to sukuk or Islamic structured product.”.

Amendment of section 319