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
No liability shall be incurred by —
the Authority or any member of the Authority;
Authority
“Authority” means the Brunei Darussalam Central Bank established by the Brunei Darussalam Central Bank Order, 2010;
any person authorised or appointed by the Authority under section 3 (repealed);
any person appointed under section 59(2)(b) to advise an
Islamic bank in the proper conduct of its business;
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;
any person who has assumed control of the business of an
Islamic bank pursuant to a direction or order of the Authority under section 59(2)(c) or 60(b);
any person appointed under section 49(1), as a result of anything done by him bona fide in the exercise of any power, or the performance of any power, duty or function conferred or imposed by or under this Act.
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;