Malaysia Co-Operative Societies Commission Act 2007 · Updated to 1 Oct 2023 · Part III · Powers of the Commission
Section 26
Official textFrom Laws of Malaysia Online, unchanged
The Commission shall consult the Syariah Advisory
Commission
“Commission” means the Malaysia Co-operative Societies Commission established under section 3;
Council on Syariah matters relating to any co-operative business which is based on Syariah and may issue written directive in relation to such business in accordance with the advice of the Syariah
Advisory Council.
Where in any proceedings relating to co-operative business which is based on Syariah and is supervised and regulated by the
Commission before any court or arbitrator, any question arises concerning a Syariah matter, the court or the arbitrator, as the case may be, may—
take into consideration any written directive issued by the
Commission pursuant to subsection (1); or
refer such question to the Syariah Advisory Council for its ruling.
Malaysia Co-operative Societies Commission 29
Any ruling made by the Syariah Advisory Council pursuant to a reference made under paragraph (2)(b) shall, for the purposes of the proceedings in respect of which the reference was made—
Syariah Advisory Council
“Syariah Advisory Council” means the Syariah Advisory Council established under section 51 of the *Central Bank of Malaysia Act 1958;
if the reference was made by a court, be taken into consideration by the court in arriving at its decision; and
if the reference was made by an arbitrator, be binding on the arbitrator.
Terms defined in s 2
Commission
Defined · s 2“Commission” means the Malaysia Co-operative Societies Commission established under section 3;
Syariah Advisory Council
Defined · s 2“Syariah Advisory Council” means the Syariah Advisory Council established under section 51 of the *Central Bank of Malaysia Act 1958;
Part IV
Provisions Relating to Officer and Employee
Part V
Finance
Chapter 3
Part VI
Investigation, Search and Seizure
Part VII