Islamic Banking Act · s 101

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?Wrong or mistyped wordsWrong structure or numberingWrong title or detailsText that appears twice

What should change, and whyUp to 2,000 characters.The text as it should read (optional)Edit the text above. Up to 20,000 characters.Where you checked it (optional)A link to the official version, if you have one.

The text as we hold it

Open the official text

s 101Declaration of Islamic bank holidays

(1)

The Authority may, at any time by notice published in the

Gazette, declare any day to be a bank holiday for the purposes of this Act.

(2)

No Islamic bank in Brunei Darussalam shall do any business without the approval of the Authority on any day declared a bank holiday under subsection (1).

(3)

A bank holiday declared under subsection (1) shall not necessarily be a public holiday and nothing in this section is deemed to affect the provisions of any written law relating to public holidays.

Islamic Banking 96

(4)

Any reference to a bank holiday in any written law which may from time to time be in force in Brunei Darussalam shall include any day declared to be a bank holiday under subsection (1) and any day which is a public holiday within the meaning of any written law relating to public holidays.