Islamic Banking Act · s 69

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69.
Return and payment of unclaimed money to Authority
(1) An Islamic bank that holds unclaimed money on 31st December in any year shall, within 3 months after that date, or such longer period as the
Authority may in any particular case allow, lodge with the Authority a return relating to that money in a form approved by the Authority.
(2) If, after 31st December and before the Islamic bank lodges the return with the Authority, the Islamic bank pays any unclaimed money to the owner of the unclaimed money, the return must contain such particulars relating to the amounts so paid as are required by the form.

Islamic Banking 82
(3) The Islamic bank, when lodging the return, must pay to the
Authority an amount equal to the sum of the unclaimed money specified in the return less the sum of amounts paid by the Islamic bank and specified in accordance with subsection (2).
(4) The Authority shall pay money received under this section into the Consolidated Fund.
(5) An Islamic bank that fails to comply with subsection (1), (2)
or (3) is guilty of an offence and liable on conviction to a fine not exceeding $100,000 and, in the case of a continuing offence, to a further fine not exceeding $10,000 for every day during which the offence continues after conviction.

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s 69Return and payment of unclaimed money to Authority

(1)

An Islamic bank that holds unclaimed money on 31st December in any year shall, within 3 months after that date, or such longer period as the

Authority may in any particular case allow, lodge with the Authority a return relating to that money in a form approved by the Authority.

(2)

If, after 31st December and before the Islamic bank lodges the return with the Authority, the Islamic bank pays any unclaimed money to the owner of the unclaimed money, the return must contain such particulars relating to the amounts so paid as are required by the form.

Islamic Banking 82

(3)

The Islamic bank, when lodging the return, must pay to the

Authority an amount equal to the sum of the unclaimed money specified in the return less the sum of amounts paid by the Islamic bank and specified in accordance with subsection (2).

(4)

The Authority shall pay money received under this section into the Consolidated Fund.

(5)

An Islamic bank that fails to comply with subsection (1), (2)

or (3) is guilty of an offence and liable on conviction to a fine not exceeding $100,000 and, in the case of a continuing offence, to a further fine not exceeding $10,000 for every day during which the offence continues after conviction.