Section 107
of Labuan Islamic Financial Services and Securities Act 2010
ActIn forceProvision 107 of 161
Section 107
(1)
A Labuan Islamic foundation shall be a foundation established under this section and in accordance with the Labuan
Foundations Act 2010 whereby the establishment of such foundation 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
Foundations Act 2010 shall apply to any Labuan Islamic foundation.
Labuan Islamic Financial Services and Securities 119