Short Title: | Islamic Financial Services Act 2013 |
Legislature: | Parliament of Malaysia |
Long Title: | An Act to provide for the regulation and supervision of Islamic financial institutions, payment systems and other relevant entities and the oversight of the Islamic money market and Islamic foreign exchange market to promote financial stability and compliance with Shariah and for related, consequential or incidental matters. |
Citation: | Act 759 |
Territorial Extent: | Throughout Malaysia |
Enacted By: | Dewan Rakyat |
Date Passed: | 28 November 2012 |
Enacted By2: | Dewan Negara |
Date Passed2: | 19 December 2012 |
Royal Assent: | 18 March 2013 |
Date Commenced: | 22 March 2013 |
Date Effective: | [30 June 2013, P.U. (B) 277/2013;<ref>{{cite web|title=Islamic Financial Services Act 2013: Appointment of Date Coming into Operation|url=http://www.federalgazette.agc.gov.my/outputp/pub_20130629_PENETAPAN%20TARIKH%20PERMULAAN%20KUAT%20KUASA.pdf|publisher=Attorney General's Chamber of Malaysia|accessdate=26 July 2016}}</ref><br>1 January 2015, P.U. (B) 553/2014<ref>{{cite web|title=Islamic Financial Services Act 2013: Appointment of Date Coming into Operation|url=http://www.federalgazette.agc.gov.my/outputp/pub_20130629_PENETAPAN%20TARIKH%20PERMULAAN%20KUAT%20KUASA.pdf|publisher=Attorney General's Chamber of Malaysia|accessdate=26 July 2016}}</ref>] |
Bill: | Islamic Financial Services Bill 2012 |
Bill Citation: | D.R. 41/2012 |
Introduced By: | Awang Adek Hussin, Deputy Minister of Finance |
1St Reading: | 22 November 2012 |
2Nd Reading: | 27 November 2012 |
3Rd Reading: | 28 November 2012 |
Bill2: | Islamic Financial Services Bill 2012 |
Bill Citation2: | D.R. 41/2012 |
Introduced By2: | Awang Adek Hussin, Deputy Minister of Finance |
1St Reading2: | 3 December 2012 |
2Nd Reading2: | 19 December 2012 |
3Rd Reading2: | 19 December 2012 |
Related Legislation: | Islamic Banking Act 1983 [Act 276] Takaful Act 1984 [Act 312] |
Status: | In force |
The Islamic Financial Services Act 2013 (ms|Akta Perkhidmatan Kewangan Islam 2013), is a Malaysian law which enacted to provide for the regulation and supervision of Islamic financial institutions, payment systems and other relevant entities and the oversight of the Islamic money market and Islamic foreign exchange market to promote financial stability and compliance with Shariah and for related, consequential or incidental matters.
The Islamic Financial Services Act 2013, in its current form (22 March 2013), consists of 18 Parts containing 291 sections and 16 schedules (including no amendment).