Syariah Financial Supervisory Board Act · 2024 Revised Edition
4. Functions of Board
Official textFrom Attorney General's Chambers, unchanged
The Board shall have such functions as may be determined by the
Board
“Board” means the Syariah Financial Supervisory Board established by section 3;
Authority.
Authority
“Authority” means the Brunei Darussalam Central Bank established by section 3(1) of the Brunei Darussalam Central Bank Order, 2010;
The Authority may consult the Board on syariah matters relating to Islamic banking business, takaful business, Islamic financial business,
Islamic banking business
“Islamic banking business” has the same meaning as in section 2 of the Islamic Banking Order, 2008;
Islamic development financial business and any other business which is based on syariah principles.
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’.