55. The Bank and Islamic financial institutions to consult Shariah Advisory Council

Terms defined in s 2

• Bank

  Bank

  Defined · s 2

  “Bank” means Bank Negara Malaysia or in English, the “Central Bank of Malaysia”;

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• Islamic financial business

  Islamic financial business

  Defined · s 2

  “Islamic financial business” means any financial business in ringgit or other currency which is subject to the laws enforced by the Bank and consistent with the Shariah;

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• Islamic financial institution

  Islamic financial institution

  Defined · s 2

  “Islamic financial institution” means a financial institution carrying on Islamic financial business;

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• Shariah Advisory Council

  Shariah Advisory Council

  Defined · s 2

  “Shariah Advisory Council” means the Shariah Advisory Council on Islamic Finance established under section 51;

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