FC-1.6.1

Past version: Effective from 01 Oct 2007 to 31 Dec 2012
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Financial services must not be provided to charitable funds and religious, sporting, social, cooperative and professional societies, before an original certificate authenticated by the relevant Ministry confirming the identities of those purporting to act on their behalf (and authorising them to obtain the said service) has been obtained. For Clubs and Societies registered with the General Organisation for Youth and Sports (GOYS), Islamic bank licensees must contact GOYS to clarify whether the account may be opened in accordance with the rules of GOYS.

October 07