Islamic Financial Services Act 2013 · s 126

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s 126Business of financial holding company

(1)

Unless the Bank otherwise approves, a financial holding company of a licensed person shall not carry on any business, other than the business of holding investments directly or indirectly in corporations which are primarily engaged in financial services or in other services in connection with or for the purpose of such financial services.

(2)

The Bank may specify standards to give full effect to subsection (1).