Central Bank of Malaysia Act 2009 · Updated to 1 Nov 2020 · Part VII · Islamic Financial Business
56. Reference to Shariah Advisory Council for ruling from court or arbitrator
Feedback & supportWhere in any proceedings relating to Islamic financial business before any court or arbitrator any question arises concerning a Shariah matter, the court or the arbitrator, as the case may be, shall—
Islamic financial business
“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;
take into consideration any published rulings of the
Shariah Advisory Council; or
refer such question to the Shariah Advisory Council for its ruling.
Any request for advice or a ruling of the Shariah Advisory
Council under this Act or any other law shall be submitted to the secretariat.