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LR-1.3.1

Past version: Effective from 01 Oct 2010 to 30 Jun 2012
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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; or
(l) Issuing/ administering means of payment.
Amended October 2010
October 2007