Labuan Financial Services and Securities Act 2010 · Updated to 15 Oct 2022 · Part I
6. Syariah matters
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person
“person” includes a corporation, partnership, a body of persons, corporate or unincorporated and a corporation sole;
proposing to make an offer of subscription or purchase, or issue an invitation to subscribe for or purchase, securities in or from within Labuan; or
securities
“securities” means any investments commonly known or capable of being described as securities, and includes— (a) shares, debentures, funds, units, interests in a limited partnership or limited liability partnership or unit trust or foundation or protected cell company or corporation; (b) debentures, bonds or notes of or issued by any body (incorporated or unincorporated), government, local government or public authority; *NOTE—The Exchange Control Act 1953 has since been repealed by the Financial Services Act 2013 which comes into operation on 30 June 2013—see sections 271 and 272…
carrying on any business regulated under Parts III, IV,
VI, VII and X, which is expressly in conformity with Syariah principles shall comply with the relevant provisions of the Labuan Islamic
Financial Services and Securities Act 2010 and in so doing, shall be deemed to have complied with all relevant laws in Labuan relating to such matters.