Labuan Islamic Financial Services and Securities Act 2010 · Updated to 15 Oct 2022 · Part XII · General
132. Internal Syariah compliance review
Feedback & supportThe internal Syariah advisory board of an Islamic bank licensee, a takaful licensee, an Islamic securities licensee and, a fund manager regulated under Part IV, shall conduct an internal review of the business and operations of such Islamic bank licensee, takaful licensee, Islamic securities licensee and, fund manager regulated under Part IV, as the Authority may specify from time to time, for the purpose of ascertaining whether such business and operations are in compliance with Syariah principles.
internal Syariah advisory board
Defined · s 2
“internal Syariah advisory board” means the board established under section 130;