Islamic Financial Services Act 2013 · Updated to 2 Jan 2025 · Part I · Preliminary
4. Prescription by Bank of additional agreement, dealing, transaction or person
Official textFrom Laws of Malaysia Online, unchanged
The Bank may, with the concurrence of the Minister, prescribe—
any agreement in respect of a financial transaction that may be entered into by parties in the financial markets, other than a standardized derivative or an agreement in respect of securities transactions entered into under the rules of a stock exchange and approved clearing house as defined in subsection 2(1) of the Capital Markets and
agreement
“agreement” means an agreement whether formal or informal, oral or written, express or implied;
Services Act 2007 [Act 671] as a qualified financial agreement for the purposes of the definition of “qualified financial agreement” in subsection 2(5);
any dealing or transaction as a financing facility for the purposes of the definition of “financing facility” in subsection 2(1); and
any other person as a market participant for the purposes of the definition of “market participant” in subsection 2(1).
Terms defined in s 2
agreement
Defined · s 2“agreement” means an agreement whether formal or informal, oral or written, express or implied;
Part II
Regulatory Objecti Ves and Powers and Functi Ons of Bank
Part III
Authorization
Part IV
Shariah Requirements
Part V
Payment Systems
Part VI
Prudential Requirements
Part VII
Ownership, Control and Transfer of Business
Part VIII
Financial Groups
Part VI
Part VI—
Part IX
Business Conduct and Consumer Protection
Part X
Islamic Money Market and Islamic Foreign Exchange Market
Part XI
Submission of Document or Information
Part XII
Examination
Part XIII
Directions of Compliance
Part XIV
Intervention and Remedial Action
Part XV
Other Powers of Bank
Part XVI
Enforcement and Penalties
Part XVII
General Provisions
Part XVIII