Section 111
of Labuan Islamic Financial Services and Securities Act 2010
ActIn forceProvision 111 of 161
Section 111
(1)
A Labuan Islamic limited partnership and Labuan
Islamic limited liability partnership shall be established under this section and in accordance with the Labuan Limited Partnerships and Limited Liability Partnerships Act 2010, whereby the establishment of such partnership 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
Limited Partnerships and Limited Liability Partnerships Act 2010
shall apply to any Labuan Islamic limited partnership and Labuan
Islamic limited liability partnership.
Act 705