Islamic Financial Services Act 2013

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CitationAct 759
Territorial extentThroughout Malaysia
PassedbyDewan Rakyat
Passed28 November 2012
Islamic Financial Services Act 2013
Parliament of Malaysia
  • 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.
CitationAct 759
Territorial extentThroughout Malaysia
Passed byDewan Rakyat
Passed28 November 2012
Passed byDewan Negara
Passed19 December 2012
Royal assent18 March 2013
Commenced22 March 2013
Effective[30 June 2013, P.U. (B) 277/2013;[1]
1 January 2015, P.U. (B) 553/2014[2]]
Legislative history
First chamber: Dewan Rakyat
Bill titleIslamic Financial Services Bill 2012
Bill citationD.R. 41/2012
Introduced byAwang Adek Hussin, Deputy Minister of Finance
First reading22 November 2012
Second reading27 November 2012
Third reading28 November 2012
Second chamber: Dewan Negara
Bill titleIslamic Financial Services Bill 2012
Bill citationD.R. 41/2012
Member(s) in chargeAwang Adek Hussin, Deputy Minister of Finance
First reading3 December 2012
Second reading19 December 2012
Third reading19 December 2012
Related legislation
Islamic Banking Act 1983 [Act 276]
Takaful Act 1984 [Act 312]
Status: In force

The Islamic Financial Services Act 2013 (Malay: 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.

References

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