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In forceUpdated to 2 Jan 2025Read it in Bahasa Malaysia
Contents

Part III · Authorization

21. Form of establishment

(1)

Unless otherwise specified by the Bank, a person who is to be licensed under section 10 to carry on Islamic banking business or takaful business (other than a person who is to be a professional retakaful operator) shall be a public company.

(2)

The Bank may specify the form of establishment of—

(a)

a person who is to be licensed as a professional retakaful operator, or to carry on international Islamic banking business or international takaful business; or

Islamic Financial Services 65

(b)

a person who is to be approved under section 11 to carry on an approved business.

Report

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Part IV

Shariah Requirements

Read on from Part IV

Part V

Payment Systems

Read on from Part V

Part VI

Prudential Requirements

Read on from Part VI

Part VII

Ownership, Control and Transfer of Business

Read on from Part VII

Part VIII

Financial Groups

Read on from Part VIII

Part VI

Part VI—

Read on from Part VI

Part IX

Business Conduct and Consumer Protection

Read on from Part IX

Part X

Islamic Money Market and Islamic Foreign Exchange Market

Read on from Part X

Part XI

Submission of Document or Information

Read on from Part XI

Part XII

Examination

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Part XIII

Directions of Compliance

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Part XIV

Intervention and Remedial Action

Read on from Part XIV

Part XV

Other Powers of Bank

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Part XVI

Enforcement and Penalties

Read on from Part XVI

Part XVII

General Provisions

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Part XVIII

Repeal, Savings and Transitional

Read on from Part XVIII

Schedules