Section 16
Deposits
ActIn forceProvision 16 of 59
Section 16
(1)
The Lembaga may receive deposits from any individual
Muslim person who is a citizen of and residing in Malaysia.
(2)
Deposit shall be received only for the following purposes:
20 Laws of Malaysia ACT 535
(a)
saving towards the pilgrimage of the individual to the
Holy Land; or
(b)
as savings for investment or for any other purpose permitted by the Lembaga.