168. Power to issue directions to institution

with respect to any institution, any one or more of the following directions:

to vary or terminate any agreement or arrangement other than any qualified financial agreement entered into by the institution with any person in relation to its business, affairs or property;

to dispose of all or any of the investments or assets held by the institution in any body corporate;

to prohibit the institution from carrying on any part of its business including, imposing any limitation on or prohibiting the giving of financing facilities, the

to prohibit the institution from entering into any other transaction or class of transactions, or to enter into it subject to such restrictions or conditions as may be specified by the Bank; or

to derecognize any income derived from any business or activity which is contrary to Shariah;

with respect to an institution which is a licensed person, to increase its capital to such amount as may be specified by the Bank;

with respect to an institution which is an approved operator of a payment system, approved issuer of a designated

to make any modification to such payment system or

cease to issue the designated Islamic payment instrument; or

cease to operate the designated payment system or a payment system set out in Part 1 of Schedule 1; and

with respect to an institution which is a licensed takaful operator, to transfer from its shareholders’ fund to any takaful fund managed by it, such amount and in such form or manner as may be specified by the Bank.