Section 105
of Labuan Islamic Financial Services and Securities Act 2010
ActIn forceProvision 105 of 161
Section 105
(1)
A Labuan Islamic trust shall be a trust established under this section and in accordance with the requirements set out in the Labuan Trusts Act 1996 [Act 554], whereby the establishment of such trust is undertaken expressly with a view that its aims and operations shall be in compliance with Syariah principles.
(2)
Unless otherwise provided, the provisions of the Labuan
Trusts Act 1996 shall apply to any Labuan Islamic trust.