In force2024 Revised EditionCurrent version · 2024 Revised EditionSee versions on Attorney General's Chambers(opens the publisher’s site)
Islamic Banking Act · 2024 Revised Edition · Part · General
Islamic Banking Act · 2024 Revised Edition · Part · General
Official textFrom Attorney General's Chambers, unchanged
The Authority may, at any time by notice published in the
Authority
“Authority” means the Brunei Darussalam Central Bank established by the Brunei Darussalam Central Bank Order, 2010;
Gazette, declare any day to be a bank holiday for the purposes of this Act.
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).
Islamic bank
“Islamic bank” means a company which carries on Islamic banking business and holds a licence granted under section 4 or 23, and includes all branches and offices in Brunei Darussalam of any such company for the purposes of this Act;
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
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.
Authority
“Authority” means the Brunei Darussalam Central Bank established by the Brunei Darussalam Central Bank Order, 2010;
Islamic bank
“Islamic bank” means a company which carries on Islamic banking business and holds a licence granted under section 4 or 23, and includes all branches and offices in Brunei Darussalam of any such company for the purposes of this Act;