Section 181
of Labuan Financial Services and Securities Act 2010
Section 181
A licensed entity who carries on or transacts or holds himself out as carrying on or transacting any Islamic banking business, Islamic investment banking business, takaful, retakaful or any other business under this Act which is syariah compliant, shall comply with the provisions of the Labuan Islamic Financial
Services and Securities Act 2010 in matters where such syariah compliance are concerned, subject to such modifications as may be made by the Authority pursuant to guidelines.
Labuan Financial Services and Securities 175
(2)
Where there is any conflict or inconsistency between the provisions of this Act and the Labuan Islamic Financial Services and Securities Act 2010 in matters where syariah compliance are concerned, the provisions of the Labuan Islamic Financial
Services and Securities Act 2010 shall prevail.