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 · Unclaimed Balances
Islamic Banking Act · 2024 Revised Edition · Part · Unclaimed Balances
Official textFrom Attorney General's Chambers, unchanged
If an Islamic bank contravenes, whether by act or omission, any provision of this Part or any regulations made under this Part, each officer of the Islamic bank is taken to have contravened the same provision if the officer knowingly authorised or permitted such contravention.
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;
Islamic Banking 88
A person may be proceeded against and convicted under a provision pursuant to this section whether or not the Islamic bank has been proceeded against or convicted under that provision.
Nothing in this section affects any liability imposed on an
Islamic bank for an offence committed by the Islamic bank against this Act or any regulations made thereunder.
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;