Islamic Banking Act · 2024 Revised Edition · Part · General
108. Offences by bodies corporate
Official textFrom Attorney General's Chambers, unchanged
Where an offence under this Act committed by an Islamic bank or other body corporate is proved to have been committed with the consent or connivance of, or to be attributable to any neglect on the part of —
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;
Islamic Banking
any director, manager, secretary or other similar officer of that body, or any person who was purporting to act in that capacity; or
director
“director” includes any person occupying the position of director of a company, whatever the title of his office, and includes a person in accordance with whose directions or instructions the directors of a company are accustomed to act and an alternate or substitute director;
any other person who holds a controlling interest in that body, he, as well as that Islamic bank or body corporate is guilty of that offence and liable to be proceeded against and punished accordingly.
Terms defined in s 2
director
Defined · s 2“director” includes any person occupying the position of director of a company, whatever the title of his office, and includes a person in accordance with whose directions or instructions the directors of a company are accustomed to act and an alternate or substitute director;
Islamic bank
Defined · s 2“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;