Consumer Credit Act 2025 · Updated to 31 Dec 2025 · Part VI · Islamic Credit Business
81. Duty to ensure compliance with Shariah
Feedback & supportAn Islamic credit provider shall at all times ensure that its Islamic credit business, affairs and activities are in compliance with Shariah and manage such business, affairs and activities in a manner which is in compliance with Shariah.
Islamic credit provider
“Islamic credit provider” means a person who carries on an Islamic credit business where the person is authorized under this Act or other written laws;
An Islamic credit provider may, through its Regulatory and
Supervisory Authority, seek the advice or ruling of the Shariah
Advisory Council on Shariah matters in respect of its Islamic credit business, affairs or activities which requires the ascertainment of
Islamic credit business
“Islamic credit business” means any business as set out in paragraph 2 of Schedule 2;
Islamic law by the Shariah Advisory Council.
Shariah Advisory Council
“Shariah Advisory Council” means the Shariah Advisory Council established under section 51 of the Central Bank of Malaysia Act 2009 or section 31zi of the Securities Commission Malaysia Act 1993;
A compliance with any advice or ruling of the Shariah
Advisory Council in respect of any particular Islamic credit business, affairs or activities shall be deemed to be a compliance with Shariah in respect of that business, affairs or activities.
A Regulatory and Supervisory Authority may carry out an assessment as it thinks necessary to determine whether the Islamic credit provider is carrying on or has carried on its
Islamic credit business, affairs or activities in a manner which is in compliance with Shariah.
Any Islamic credit provider who contravenes subsection (1)
commits an offence and shall, on conviction, be liable to a fine not exceeding one million ringgit or to imprisonment for a term not exceeding four years or to both.