Section 12
of Baitulmal Corporation Enactment 1998
Section 12
(1)
The Corporation may, with the approval of the Minister, establish any subsidiary of the Corporation to perform any of its duties or to carry out any of its powers under this
Enactment.
(2)
The Corporation may, with the approval of the Minister and on the advice of the
Majlis, make regulations in respect of such subsidiary of the Corporation established under subsection (1) defining -
(a)
the responsibilities, powers and the rights of the subsidiary of the
Corporation;
(b)
the system of management of the subsidiary of the Corporation; and
(c)
the relationship between the Corporation and the subsidiary of the
Corporation.
(3)
The provisions of the Second Schedule shall apply to every subsidiary of the
Corporation established by the Corporation under subsection (1).