Central Bank of Malaysia Act 2009 · Updated to 1 Nov 2020 · Part VII · Islamic Financial Business
58. Shariah Advisory Council ruling prevails
Feedback & supportWhere the ruling given by a Shariah body or committee constituted in Malaysia by an Islamic financial institution is different from the ruling given by the Shariah Advisory Council, the ruling of the Shariah Advisory Council shall prevail.
Islamic financial institution
Defined · s 2
“Islamic financial institution” means a financial institution carrying on Islamic financial business;
Powers of the Bank
Bank
Defined · s 2
“Bank” means Bank Negara Malaysia or in English, the “Central Bank of Malaysia”;