Islamic Financial Services Act 2013 In Bahasa Malaysia

Islamic financial services act ifsa and financial services act fsa the regulatory framework in malaysia has marked another milestone in the financial market with the introduction of ifsa and fsa in 2013 to cater to the growing market of the country s financial industry.

Islamic financial services act 2013 in bahasa malaysia. Malaysia is said to have created legal history by introducing the world 39 s first comprehensive legal framework for its islamic finance industry through the pro active approach of its central regulator central bank of malaysia or the cbm and. Malaysia is known as asia s islamic finance hub and has 12 direct takaful operators with a combined 19 billion ringgit in assets as of december 2012 central bank data showed the majority of those assets 85 percent were in family insurance up 13 3 percent from a year earlier. Malaysia islamic financial services act 2013 author. 2015 04 05 issuu company logo issuu.

Malaysia is one the largest sukuk market in the world and accounts for 68 of the global. The islamic financial services act 2013 malay. Laws of malaysia act 759 islamic financial services act 2013 date of royal assent 18 mar 2013 date of publication in the gazette 22 mar 2013 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. This is to ensure the integrity of and confidence in the financial system the central bank said.

Read more human rights wrongs 1malaysia development berhad 1mdb attorney general s chambers agc bank negara malaysia financial services act 2013 islamic financial services act 2013. The regulatory and supervisory framework of malaysia enters a new stage of its development as the financial services act 2013 fsa and isla. 6 any reference in this act to this act the financial services act 2013 or the central bank of malaysia act 2009 shall unless otherwise expressly stated be deemed to include a reference to any rule regulation order notification or other subsidiary legislation made under this act the financial services act 2013 or the central bank of malaysia act 2009 as the case may be.