Skip to content
Back to the text

Islamic Banking Act · s 108

Suggest a correction

Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.

What is wrong?

The text as we hold it

Open the official text

s 108Offences by bodies corporate

Where an offence under this Act committed by an Islamic bank or other body corporate is proved to have been committed with the consent or connivance of, or to be attributable to any neglect on the part of —

Islamic Banking

(a)

any director, manager, secretary or other similar officer of that body, or any person who was purporting to act in that capacity; or

(b)

any other person who holds a controlling interest in that body, he, as well as that Islamic bank or body corporate is guilty of that offence and liable to be proceeded against and punished accordingly.