Central Bank of Malaysia Act 2009 · Updated to 1 Nov 2020 · Chapter 1
34. Liquidity assistance under paragraph 32(1)(a) or (b)
Feedback & supportLiquidity assistance under paragraph 32(1)(a) or (b) may be provided by way of—
financing against such form of security as the Bank may consider sufficient;
financing
“financing” means the giving of any advance, loan, credit or other facility in whatever form or by whatever name called, including the giving of a guarantee or undertaking of any surety obligations for another person and where such financing is extended in accordance with the Shariah shall include, and may be in the form of, without limitation, any sale or purchase arrangement, joint venture arrangement, deferred payment sale, return sharing arrangement or any other financing arrangement made in accordance with the Shariah;
purchase or commitment to purchase assets of the financial institution;
financial institution
“financial institution” means a person carrying on a financial business regulated under the laws enforced by the Bank and in addition includes any— (a) person who operates any payment system or issues any payment instrument; and (b) person carrying on any other financial business as the Minister may prescribe;
lending or exchanging assets of the Bank against assets of the financial institution;
Bank
“Bank” means Bank Negara Malaysia or in English, the “Central Bank of Malaysia”;
guarantees or indemnities; or
42 Laws of Malaysia ACT 701
such other arrangements as the Bank may consider appropriate, upon such terms and conditions as the Bank thinks fit in the circumstances.