6. Persons appearing to transact Islamic banking business without licence

(1)

Whenever the Authority has reason to believe that a person is transacting Islamic banking business without a licence, the Authority shall at all times —

(a)

have full and free access to the premises at which that person is suspected of transacting Islamic banking business without a licence or at which that person may have books, accounts and records; and

(b)

have the power to examine, copy or take possession of the books, accounts and records of that person in order to ascertain whether or not that person has violated, or is violating, any of the provisions of this Act.

(2)

Any refusal to allow full and free access to such premises or to submit such books, accounts and records shall be prima facie evidence of the fact of operation without a licence.

Terms defined in s 2

Part 7

Reserve Funds, Dividends, Balance Sheets and Information

Prohibited Business

Minimum Assets Requirements

Powers of Control Over Islamic Banks

Overseas Branches and Representative Offices of Domestic Islamic Banks

Unclaimed Balances

Invitations to Make Deposits

General

Schedules