Labuan Islamic Financial Services and Securities Act 2010 · Updated to 15 Oct 2022 · Chapter 3
36. Islamic public fund shall be registered
Feedback & supportNo Islamic public fund shall carry on business, arrange or administer its affairs in Labuan unless it has been granted registration under paragraph 38(1)(a).
Islamic public fund
“Islamic public fund” means an Islamic mutual fund other than an Islamic private fund;
Subject to subsection (3), no proposed Islamic public fund shall carry on business, arrange or administer its affairs unless it has been granted provisional acceptance under paragraph 38(1)(b).
A proposed Islamic public fund to which a provisional acceptance has been granted under paragraph 38(1)(b) shall not carry on business, arrange or administer its affairs without the prior written consent of the Authority.