Malaysia legislation
Section 4
of LABUAN ISLAMIC FINANCIAL SERVICES AND SECURITIES (AMENDMENT) ACT 2022
Section 4
Amendment of section 90
Section 90 of the principal Act is amended by substituting for subsection (3) the following subsection:
“(3) A licensed Labuan takaful broker may handle the takaful or retakaful of domestic takaful business, transacted in the Malaysian currency provided that such activity does not include any activity that is regulated or prohibited under other written law in Malaysia.”.