Labuan Islamic Financial Services and Securities Act 2010 · Updated to 15 Oct 2022 · Part II · Syariah Supervisory Council
7. Establishment of the Syariah Supervisory Council
Feedback & support(1)
The Authority may establish a Syariah Supervisory Council which shall be the authority for the ascertainment of Islamic law for the purposes of any business regulated or supervised by the
Authority.
(2)
The Authority shall have the power to determine the terms of reference and the functions of the Syariah Supervisory Council.
(3)
The Syariah Supervisory Council may determine its own procedure.