Labuan Islamic Financial Services and Securities Act 2010 · Updated to 15 Oct 2022 · Part XII · General
146. Non-application of certain laws
Feedback & support(1)
No Islamic bank licensee shall, in respect of any business carried on by such licensee, be subjected to any of the provisions of the Banking and Financial Institutions Act 1989
Islamic bank licensee
Defined · s 2
“Islamic bank licensee” means a Labuan Islamic bank and a Labuan Islamic investment bank;
and the Islamic Banking Act 1983.
(2)
No takaful licensee shall, in respect of any business carried on by such licensee under Part VII, be subjected to any of the provisions of the *Insurance Act 1996 [Act 553] and the **Takaful
takaful licensee
Defined · s 76
“takaful licensee” means any person licensed under this Part;
Act 1984.