LR-1.3.7

Past version: Effective from 01 Apr 2008 to 30 Sep 2010
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A person does not carry on an activity constituting a regulated Islamic banking service if the activity:

(a) is carried on in the course of a business which does not ordinarily constitute the carrying on of financial services;
(b) may reasonably be regarded as a necessary part of any other services provided in the course of that business; and
(c) is not remunerated separately from the other services.
October 2007