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Islamic Financial Services Act 2013
Malaysian law / From Wikipedia, the free encyclopedia
The Islamic Financial Services Act 2013 (Malay: Akta Perkhidmatan Kewangan Islam 2013), is a Malaysian law which enacted to provide for the regulation and supervision of Islamic financial institutions, payment systems and other relevant entities and the oversight of the Islamic money market and Islamic foreign exchange market to promote financial stability and compliance with Shariah and for related, consequential or incidental matters.
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Quick Facts Parliament of Malaysia, Citation ...
Islamic Financial Services Act 2013 | |
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Parliament of Malaysia | |
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Citation | Act 759 |
Territorial extent | Throughout Malaysia |
Passed by | Dewan Rakyat |
Passed | 28 November 2012 |
Passed by | Dewan Negara |
Passed | 19 December 2012 |
Royal assent | 18 March 2013 |
Commenced | 22 March 2013 |
Effective | [30 June 2013, P.U. (B) 277/2013;[1] 1 January 2015, P.U. (B) 553/2014[2]] |
Legislative history | |
First chamber: Dewan Rakyat | |
Bill title | Islamic Financial Services Bill 2012 |
Bill citation | D.R. 41/2012 |
Introduced by | Awang Adek Hussin, Deputy Minister of Finance |
First reading | 22 November 2012 |
Second reading | 27 November 2012 |
Third reading | 28 November 2012 |
Second chamber: Dewan Negara | |
Bill title | Islamic Financial Services Bill 2012 |
Bill citation | D.R. 41/2012 |
Member(s) in charge | Awang Adek Hussin, Deputy Minister of Finance |
First reading | 3 December 2012 |
Second reading | 19 December 2012 |
Third reading | 19 December 2012 |
Related legislation | |
Islamic Banking Act 1983 [Act 276] Takaful Act 1984 [Act 312] | |
Status: In force |
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