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Section 73

of Central Bank of Malaysia Act 2009

ActIn forceProvision 74 of 134

Section 73

(1)

The Bank may, in giving effect to its objects, carrying out its functions or conducting its business or affairs under this Act or any other written law, put in place such arrangements or take such measures as may be approved by the Shariah Advisory Council to ensure that such functions, business or affairs are in accordance with the Shariah.

(2)

Without prejudice to the generality of subsection (1), where any arrangements or measures under subsection (1) require—

(a)

the establishment of a corporation or a partnership;

(b)

the entering into any commercial, agricultural or industrial undertaking; or

(c)

transaction involving trade, bailment, sale, purchase, lease or sale and lease back, agency, endowment or other business or dealing involving services, intellectual property, commodities, other assets or properties, which is prohibited or not authorized by this Act, the Bank may, only for the purpose of carrying out its functions or conducting its business or affairs in accordance with the Shariah, put in place such arrangements or take such measures.

Central Bank of Malaysia 71