Consumer Credit Act 2025 · Updated to 31 Dec 2025 · Part VI · Islamic Credit Business
83. Reference to Shariah Advisory Council from court or arbitrator
Feedback & supportWhere in any proceedings relating to an Islamic credit 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 credit business
“Islamic credit business” means any business as set out in paragraph 2 of Schedule 2;
take into consideration any regulations made under paragraph 122(2)(b) and standards or guidelines specified under paragraph 123(2)(b); or
refer such question to the Shariah Advisory Council for its ruling.
Any ruling made by the Shariah Advisory Council pursuant to a reference made under paragraph (1)(b) shall be binding on the court or arbitrator making such reference.
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;