Labuan Islamic Financial Services and Securities Act 2010 · Updated to 15 Oct 2022 · Part II · Syariah Supervisory Council
11. Reference by court or arbitrator in making decision
Feedback & supportWhere in any proceedings relating to any business regulated or supervised by the Authority before any court or arbitrator in
Malaysia, any question arises concerning a Syariah matter, the court or the arbitrator, as the case may be, may—
take into consideration any guideline, direction, advisory, notice or circular issued by the Authority pursuant to its powers under the Labuan Financial Services Authority
Act 1996; or
refer such question to the Syariah Supervisory Council for its ruling.
Any ruling made by the Syariah Supervisory Council pursuant to a reference made under paragraph (1)(b) shall, for the purposes of proceedings in respect of which the reference was made, be taken into consideration by the court or arbitrator in arriving at a decision.