222. Interpretation

For the purposes of this Division, “Islamic financial intermediation activities” includes—

the accepting of Islamic deposits or money under an investment account;

the giving of any advance, financing or other facility in whatever form or by whatever name called in accordance with Shariah;

Islamic leasing business;

Islamic factoring business;

the purchase of bills of exchange, certificates of Islamic deposit, Islamic securities or other negotiable instruments;

the acceptance of, or the giving of any guarantee in relation to, liability, obligation or duty of any person;

Islamic hire-purchase;

acquiring rights or interests in an Islamic hire-purchase,

any activity that is incidental, ancillary or otherwise facilitates or is closely related to the activities referred to in paragraphs (a) to (h) above; and

such other business or activity as prescribed under section 3.