Finance Companies Act · s 20

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s 20Restrictions on trade by finance companies

(1)

No finance company shall engage. whether on its own account or on a commission basis, and whether alone or with others, in the wholesale or retail trade, including the import or export trade, except for the purpose of carrying on its financing business or Islamic financing business.

(2)

Except as provided in this Act. a licensed finance company shall not carry on any kind of business other than financing business or Islamic financing business.