Islamic Banking Act · s 54

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s 54Special investigation of Islamic banks

The Authority may at any time make an investigation, under conditions of confidentiality, of the books, accounts and transactions of any

Islamic bank in Brunei Darussalam, if he has reason to believe that any

Islamic bank —

(a)

is carrying on its business in a manner likely to be detrimental to the public interest or the interests of the creditors or depositors of such Islamic bank;

(b)

has insufficient assets to cover its liabilities to the public; or

(c)

is contravening any provision of this Act.

Islamic Banking