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LR-1.3.1

Past version: Effective from 01 Apr 2008 to 30 Sep 2010
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Regulated Islamic banking services are any of the following activities, carried on by way of business:

(a) Accepting Shari'a money placements/deposits
(b) Offering Shari'a Financing Contracts
(c) Managing Shari'a profit-sharing investment accounts
(d) Dealing in Shari'a-compliant financial instruments as principal
(e) Dealing in Shari'a-compliant financial instruments as agent
(f) Managing Shari'a-compliant financial instruments
(g) Safeguarding Shari'a-compliant financial instruments
(h) Operating a Shari'a-compliant Collective Investment Undertaking
(i) Arranging deals in Shari'a-compliant financial instruments
(j) Advising on Shari'a-compliant financial instruments
(k) Providing money exchange/remittance services
(l) Issuing/ administering means of payment.
October 2007