Central Bank of Malaysia Act 2009 · Updated to 1 Nov 2020 · Chapter 3
49. Financing for special purposes
Feedback & supportThe Bank, with the approval of the Minister on the recommendation of the Board, may establish funds to provide financing through financial institutions on such terms and conditions as the Bank thinks necessary—
Bank
“Bank” means Bank Negara Malaysia or in English, the “Central Bank of Malaysia”;
60 Laws of Malaysia ACT 701
in the event of any exigent circumstances or force majeure; and
to any segment of the economy for the purposes of promoting financial inclusion.
Limit on investment and financing
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;