Words starting with I

Islamic bank licence

Defined in Labuan Islamic Financial Services and Securities Act 2010, s 2

“means a licence granted pursuant to an application under section 63 or 64, as the case may be”

Islamic bank licensee

Defined in Labuan Islamic Financial Services and Securities Act 2010, s 2

“means a Labuan Islamic bank and a Labuan Islamic investment bank”

Islamic banking business

Defined in Malaysia Deposit Insurance Corporation Act 2011, s 2

“has the same meaning as defined under subsection 2(1) of the Islamic Financial Service Act 2013”

Islamic building credit business

Defined in Labuan Islamic Financial Services and Securities Act 2010, s 60

“means the business of providing financing facilities in compliance with Syariah principles to any person for the express purpose of the purchase of immovable property, or the construction, reconstruction or renovation of any building or …”

Islamic capital market business or transaction

Defined in Akta Suruhanjaya Sekuriti 1993, s 2

“means— (a) the business of carrying any regulated activity; (b) any proposal, scheme, transaction, arrangement, activity or matter relating to any capital market product, or under Part IIIA or Part VI of the Capital Markets and Services …”

Islamic capital market product

Defined in Akta Suruhanjaya Sekuriti 1993, s 2

“has the meaning assigned to it in the Capital Markets and Services Act 2007”

Islamic commodity derivative instrument

Defined in Labuan Islamic Financial Services and Securities Act 2010, s 60

“includes, to the extent such instrument is not a derivative financial instrument, commodity futures, commodity forward, commodity swap, commodity option, in compliance with Syariah principles, or other commodity instruments with similar …”

Islamic credit business

Defined in Consumer Credit Act 2025, s 4

“means any business as set out in paragraph 2 of Schedule 2”

Islamic credit provider

Defined in Consumer Credit Act 2025, s 4

“means a person who carries on an Islamic credit business where the person is authorized under this Act or other written laws”

Islamic credit token business

Defined in Labuan Islamic Financial Services and Securities Act 2010, s 60

“means any business in compliance with Syariah principles, where a token, being a cheque, card, voucher, stamps, booklet, coupon, form or other document or thing is given or issued to a person, referred to as “customer”, by the person …”

Islamic deposit

Defined in Malaysia Deposit Insurance Corporation Act 2011, s 2

“has the same meaning as defined under subsection 2(1) of the Islamic Financial Services Act 2013”

Also defined in 1 other Act

Islamic derivative financial instrument

Defined in Labuan Islamic Financial Services and Securities Act 2010, s 60

“means futures, forward, swap, or option contract which is in compliance with Syariah principles, or other financial instrument with similar characteristics but shall not include— (a) all on-balance-sheet receivables and payables, including …”

Islamic derivative instrument

Defined in Labuan Islamic Financial Services and Securities Act 2010, s 60

“means an instrument the value of which depends upon the value of underlying indices or assets such as currencies, securities, commodities or other derivative instruments, in compliance with Syariah principles, and includes an Islamic …”

Islamic development finance business

Defined in Labuan Islamic Financial Services and Securities Act 2010, s 60

“means the business of providing capital or other financing facilities, in compliance with Syariah principles, on terms which would require the same to be utilized for industrial, agricultural, commercial or other economic development; and …”

Islamic factoring business

Defined in Labuan Islamic Financial Services and Securities Act 2010, s 60

“means the business of acquiring debts due to any person in compliance with Syariah principles”

Islamic financial business

Defined in Development Financial Institutions Act 2002, s 33A

“means the business or activity in accordance with Shariah which a prescribed institution is approved to carry on under paragraph 33B(1)(a) or (b), which may include— (a) accepting Islamic deposits on current account, deposit account …”

Also defined in 1 other Act

Islamic financial institution

Defined in Central Bank of Malaysia Act 2009, s 2

“means a financial institution carrying on Islamic financial business”

Islamic financing

Defined in Malaysia Co-Operative Societies Commission Act 2007, s 2

“means the giving of any credit facility in accordance with the Syariah as may be approved by the Syariah Advisory Council and includes any other like dealing or transaction as may be prescribed under section 63”

Also defined in 1 other Act

Islamic financing facilities

Defined in Labuan Islamic Financial Services and Securities Act 2010, s 60

“means— (a) any advance, financing or other facility in whatever form or by whatever name called, in compliance with Syariah principles, by the giving of which the person to whom the same is given has access, directly or indirectly, to the …”

Islamic financing facility

Defined in Malaysia Deposit Insurance Corporation Act 2011, s 2

“has the same meaning assigned to the definition of “financing facility” under subsection 2(1) of the Islamic Financial Services Act 2013”

Islamic fund

Defined in Labuan Islamic Financial Services and Securities Act 2010, s 2

“means a mutual fund or fund which is established expressly with a view that the aims and operations of such fund shall be in compliance with Syariah principles”

Islamic Law

Defined in Administration of Islamic Law (Federal Territories) Act 1993, s 2

“means Islamic Law according to any recognized Mazhab”

Also defined in 1 other Act

Islamic leasing business

Defined in Labuan Islamic Financial Services and Securities Act 2010, s 60

“means the business of letting or subletting of property on hire in compliance with Syariah principles, for the purpose of the use of such property by the hirer, regardless whether the letting is with or without an option to purchase the …”

Islamic Legal Consultative Committee

Defined in Administration of Islamic Law (Federal Territories) Act 1993, s 2

“means Islamic Legal Consultative Committee established under subsection 37(1)”

Islamic money–broking business

Defined in Labuan Islamic Financial Services and Securities Act 2010, s 60

“means the business of arranging transactions between buyers and sellers in the money or foreign exchange markets as an intermediary in consideration of brokerage fees paid or to be paid and in compliance with Syariah principles, but does …”

Islamic mutual fund

Defined in Labuan Islamic Financial Services and Securities Act 2010, s 2

“means a mutual fund or fund which is established expressly with a view that the aims and operations of such fund shall be in compliance with Syariah principles”

Islamic private fund

Defined in Labuan Islamic Financial Services and Securities Act 2010, s 2

“means an Islamic mutual fund— (a) whose securities are owned or held by— (i) not more than fifty investors where the first time investment of each of such investors is not less than two hundred and fifty thousand ringgit or such other sum …”

Islamic public fund

Defined in Labuan Islamic Financial Services and Securities Act 2010, s 2

“means an Islamic mutual fund other than an Islamic private fund”

Islamic Religious Council

Defined in Akta Pencetakan Teks Al-Qur'An 1986, s 2

“means the authority, by whatever name called, established by or under any written law for the purpose, solely or besides other purposes, of advising the head of the religion of Islam in a State or Federal Territory in matters relating to …”

Islamic securities

Defined in Akta Perbadanan Pengurusan Likuiditi Islam Antarabangsa 2011, s 2

“means any securities issued by the Corporation, a subsidiary, a special purpose vehicle or a trust or fund of the Corporation pursuant to a scheme of financing in accordance with the principles of Shariah approved by the Shariah Committee …”

Also defined in 1 other Act