Islamic Banking Act · s 13

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s 13Licence fees

(1)

Every Islamic bank licensed in Brunei Darussalam shall pay such annual licence fee as may be prescribed.

(2)

In respect of each of its branches in Brunei Darussalam, every licensed Islamic bank shall pay such annual or other fee or fees as may be prescribed.

(3)

In respect of its branches outside Brunei Darussalam, every

Islamic bank which is incorporated in Brunei Darussalam shall pay such annual fee as may be prescribed.

(4)

Under subsections (1), (2) and (3), different licence fees may be prescribed in respect of different classes or description of each place of business and such classes or description may take account of the different facilities provided at each place of business, but the fees so specified shall apply uniformly within each such class or category.

(5)

The manner of payment of a licence fee shall be as specified by the Authority.