Islamic Banking Act · s 28

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28.
Statements to be furnished by Islamic banks
(1) Every Islamic bank shall furnish to the Authority such information (including returns) at such time and in such manner as the
Authority may reasonably require for the proper discharge of its functions.

Islamic Banking 38
(2) Every Islamic bank shall furnish to the Authority —
(a) not later than 15 days after the last day of each month a statement in the form approved by the Authority showing the assets and liabilities of its banking offices and branches in
Brunei Darussalam at the close of business on the last business day of the preceding month;
(b) not later than one month after the last day of each quarter of a calendar year, a statement in a form approved by the Authority giving an analysis of financing granted by its offices and branches in
Brunei Darussalam as at the 31st day of March, 30th day of June,
30th day of September and the 31st day of December, respectively;
(c) not later than 3 months after the close of its financial year a statement in a form approved by the Authority showing the income and expenditure in respect of its Islamic banking business in
Brunei Darussalam;
(d) any such statistical or other such information as may be requested by the Authority at any time.
(3) The Authority may require any statement submitted to it pursuant to subsection (1) to be accompanied by a certificate —
(a) of the auditor appointed by the Islamic bank pursuant to section 99; or
(b) of any other auditor appointed by the Authority pursuant to that section, as to whether, in the opinion of the auditor, the statement is correct.
(4) Any information received from an Islamic bank under this section shall be under strict conditions of confidentiality as between the
Islamic bank and the Authority.
(5) Nothing in this section shall prevent the Authority from preparing and publishing consolidated statements aggregating information furnished under this section.

Islamic Banking
(6) Any Islamic bank which fails or neglects the provisions of this section is guilty of an offence and liable on conviction to a fine not exceeding $20,000 and, in the case of a continuing offence, to a further fine not exceeding $2,000 for every day during which the offence continues after conviction.
Financing facilities to directors, associates etc.

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s 28Statements to be furnished by Islamic banks

(1)

Every Islamic bank shall furnish to the Authority such information (including returns) at such time and in such manner as the

Authority may reasonably require for the proper discharge of its functions.

Islamic Banking 38

(2)

Every Islamic bank shall furnish to the Authority —

(a)

not later than 15 days after the last day of each month a statement in the form approved by the Authority showing the assets and liabilities of its banking offices and branches in

Brunei Darussalam at the close of business on the last business day of the preceding month;

(b)

not later than one month after the last day of each quarter of a calendar year, a statement in a form approved by the Authority giving an analysis of financing granted by its offices and branches in

Brunei Darussalam as at the 31st day of March, 30th day of June,

30th day of September and the 31st day of December, respectively;

(c)

not later than 3 months after the close of its financial year a statement in a form approved by the Authority showing the income and expenditure in respect of its Islamic banking business in

Brunei Darussalam;

(d)

any such statistical or other such information as may be requested by the Authority at any time.

(3)

The Authority may require any statement submitted to it pursuant to subsection (1) to be accompanied by a certificate —

(a)

of the auditor appointed by the Islamic bank pursuant to section 99; or

(b)

of any other auditor appointed by the Authority pursuant to that section, as to whether, in the opinion of the auditor, the statement is correct.

(4)

Any information received from an Islamic bank under this section shall be under strict conditions of confidentiality as between the

Islamic bank and the Authority.

(5)

Nothing in this section shall prevent the Authority from preparing and publishing consolidated statements aggregating information furnished under this section.

Islamic Banking

(6)

Any Islamic bank which fails or neglects the provisions of this section is guilty of an offence and liable on conviction to a fine not exceeding $20,000 and, in the case of a continuing offence, to a further fine not exceeding $2,000 for every day during which the offence continues after conviction.

Financing facilities to directors, associates etc.