Section 108
Object and purpose
of Labuan Islamic Financial Services and Securities Act 2010
ActIn forceProvision 108 of 161
Section 108
(1)
The object and purpose of a Labuan Islamic foundation shall not include any object or purpose which are not in compliance with Syariah principles.
(2)
A Labuan Islamic foundation shall not carry out any activity which is not in compliance with Syariah principles.