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 · Powers of Control Over Islamic Banks
Islamic Banking Act · 2024 Revised Edition · Part · Powers of Control Over Islamic Banks
Official textFrom Attorney General's Chambers, unchanged
The Authority shall inspect, under conditions of confidentiality, the books, accounts and transactions of any Islamic bank in
Authority
“Authority” means the Brunei Darussalam Central Bank established by the Brunei Darussalam Central Bank Order, 2010;
Brunei Darussalam and of any branch, agency or office outside
Brunei Darussalam opened by an Islamic bank incorporated or registered in
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.
Without prejudice to the generality of subsection (1), such inspection may be conducted in respect of activities of the Islamic bank that are regulated or licensed under any written law.
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;
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