Islamic Banking Act · s 60

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s 60Powers of Authority

Where the Authority has taken action under section 59(2), the

Authority may, without prejudice to the power conferred by section 21(1)(g)

exercise one or more of the following powers —

(a)

confirm, vary or reverse any requirement, appointment or direction made by the Authority;

(b)

make such order as the Authority may think fit in relation to the affairs of the Islamic bank concerned and exercise any power which the Authority may exercise under section 59;

(c)

present a petition to the High Court for the winding-up of the

Islamic bank by the High Court.