Labuan Islamic Financial Services and Securities Act 2010 · Updated to 15 Oct 2022 · Part V · Licensing of Intermediaries
55. Interpretation
Feedback & supportIn this Part, unless the content otherwise requires, “Islamic securities licensee” means a person, who for valuable consideration, provides investment advice or administrative services in respect of securities for the purposes of investment, including dealing in securities or such other activity as may be specified by the
dealing in securities
“dealing in securities” means, whether as principal or agent, making or offering to make with any person or inducing or attempting to induce any person to enter into or to offer to enter into— (a) any agreement for, or with a view to, acquiring, disposing of, subscribing for, or underwriting securities; or (b) any agreement the purpose or avowed purpose of which is to secure a profit to any of the parties from the yield of securities or by reference to fluctuations in the value of securities;
Authority, which is in compliance with Syariah principles in
Labuan.
Islamic securities licensee