65. Application for licence to carry on Labuan Islamic financial business

Terms defined in this Act

• Authority

  Authority

  Defined · s 2

  “Authority” means the Labuan Financial Services Authority established under section 3 of the Labuan Financial Services Authority Act 1996;

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• Labuan Islamic financial business

  Labuan Islamic financial business

  Defined · s 60

  “Labuan Islamic financial business” means any of the following business in compliance with Syariah principles: (a) Islamic building credit business; *NOTE—The Exchange Control Act 1953 has since been repealed by the Financial Services Act 2013 which comes into operation on 30 June 2013—see sections 271 and 272…

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