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mylaw.myby aturio
In forceUpdated to 2 Jan 2025Read it in Bahasa Malaysia
Contents

Part II · Regulatory Objecti Ves and Powers and Functi Ons of Bank

6. Regulatory objectives

The principal regulatory objectives of this Act are to promote financial stability and compliance with Shariah and in pursuing these objectives, the Bank shall—

(a)

foster—

(i)

the safety and soundness of Islamic financial institutions;

(ii)

the integrity and orderly functioning of the Islamic money market and Islamic foreign exchange market;

(iii)

safe, efficient and reliable payment systems and

Islamic payment instruments; and

(iv)

fair, responsible and professional business conduct of Islamic financial institutions; and

(b)

strive to protect the rights and interests of consumers of

Islamic financial services and products.

Report

Read on from s 7

Part III

Authorization

Read on from Part III

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

Read on from Part XII

Part XIII

Directions of Compliance

Read on from Part XIII

Part XIV

Intervention and Remedial Action

Read on from Part XIV

Part XV

Other Powers of Bank

Read on from Part XV

Part XVI

Enforcement and Penalties

Read on from Part XVI

Part XVII

General Provisions

Read on from Part XVII

Part XVIII

Repeal, Savings and Transitional

Read on from Part XVIII

Schedules