Syariah Financial Supervisory Board Act · 2024 Revised Edition
17. Proceedings relating to Islamic banking business etc.
Official textFrom Attorney General's Chambers, unchanged
Where in any proceedings relating to Islamic banking business, takaful business, Islamic financial business, Islamic development financial business or any other business which is based on syariah principles before any court or arbitrator, any question arises concerning a syariah matter, the court or arbitrator, as the case may be, may take into consideration any written directive, guidelines, circulars or notes issued by the Authority pursuant to section 5 or 5A or may refer such question to the Authority for a ruling from the Board.
Islamic banking business
“Islamic banking business” has the same meaning as in section 2 of the Islamic Banking Order, 2008;
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Board
“Board” means the Syariah Financial Supervisory Board established by section 3;
Terms defined in s 2
Authority
Defined · s 2“Authority” means the Brunei Darussalam Central Bank established by section 3(1) of the Brunei Darussalam Central Bank Order, 2010;
Board
Defined · s 2“Board” means the Syariah Financial Supervisory Board established by section 3;
Islamic banking business
Defined · s 2“Islamic banking business” has the same meaning as in section 2 of the Islamic Banking Order, 2008;
Islamic financial business
Defined · s 2“Islamic financial business” means financial business whose aims and operations are in accordance with Hukum Syara’;
takaful business
Defined · s 2“takaful business” means the business of takaful whose aims and operations are in accordance with Hukum Syara’.