Syariah Financial Supervisory Board Act · 2024 Revised Edition
3. Establishment of Board
Official textFrom Attorney General's Chambers, unchanged
There is hereby established a Board known as the Syariah Financial
Board
“Board” means the Syariah Financial Supervisory Board established by section 3;
Supervisory Board, which shall be the authority for the ascertainment of the
Authority
“Authority” means the Brunei Darussalam Central Bank established by section 3(1) of the Brunei Darussalam Central Bank Order, 2010;
Laws of Islam for the purposes of Islamic banking business, takaful business,
Islamic banking business
“Islamic banking business” has the same meaning as in section 2 of the Islamic Banking Order, 2008;
Islamic financial business, Islamic development financial business and any other business which is based on syariah principles and which is carried out, supervised or regulated by the Authority.
Islamic financial business
“Islamic financial business” means financial business whose aims and operations are in accordance with Hukum Syara’;
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’.