LR-1.3.1

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Past version: Effective from 01 Jul 2012 to 30 Sep 2018
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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 Unrestricted Shari'a profit-sharing investment accounts;

(d) Managing Restricted Shari'a profit sharing investment accounts;

(e) Dealing in Shari'a-compliant financial instruments as principal;

(f) Dealing in Shari'a-compliant financial instruments as agent;

(g) Managing Shari'a-compliant financial instruments;

(h) Safeguarding Shari'a-compliant financial instruments;

(i) Operating a Shari'a-compliant Collective Investment Undertaking;

(j) Arranging deals in Shari'a-compliant financial instruments;

(k) Advising on Shari'a-compliant financial instruments;

(l) Providing money exchange/remittance services; or

(m) Issuing/ administering means of payment.

Amended: July 2012
Amended October 2010
October 2007