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
A registered Islamic bank whose head office is situated outside
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;
Brunei Darussalam shall furnish to the Authority a written undertaking from its head office, supported by a resolution of its Board of Directors, stating that the head office of such bank shall, on demand by the Authority, provide such funds as may be necessary to meet all obligations incurred in or in connection with, its business in Brunei Darussalam.
Authority
“Authority” means the Brunei Darussalam Central Bank established by the Brunei Darussalam Central Bank Order, 2010;
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;