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
Save as expressly provided, this Act does not apply to licensed moneylenders, finance companies or banks licensed under the
Banking Order, 2006 (S 45/2006) or the International Banking Order, 2000
(S 53/2000).
Part 10 applies to licensed moneylenders and finance companies.
The Finance Companies Act (Chapter 89) does not apply to an
Islamic bank.
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;
The Moneylenders Act (Chapter 62) does not apply to an
Islamic bank.
The Banking Order, 2006 (S 45/2006) does not apply to an
Islamic bank.
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;