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Islamic financing facility "Islamic financing facility" means— (a) the giving of any advance, loan, trade credit or other facility in whatever form or by whatever name called whereby the person to whom the advance, loan, trade credit or other facility is given has access, directly or indirectly, to the funds or property of the person giving it and shall include, without limitation, any sale and buy back arrangement, joint venture arrangement, deferred payment sale, return sharing arrangement and any other financing arrangements made in accordance with Shariah; (b) hire purchase, hire and purchase, leasing, factoring, debt trading and such similar dealings or transaction; (c) the giving of a guarantee or any security in relation to the obligations of any person; or (d) any other like dealing or transaction as may be prescribed by the Corporation; "registrar of Malaysian ships" means the registrar of Malaysian ships appointed under subsection 14(1) of the Merchant Shipping Ordinance 1952 [Ord.70/1952] and includes the Registrar General of Ships as appointed under subsection 14(1) of the Ordinance;
ACT 642 - MALAYSIA DEPOSIT INSURANCE CORPORATION ACT 2005
2. Interpretation. |
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Islamic financing facility "Islamic financing facility" means:- (a) the giving of any advance, loan, trade credit or other facility in whatever form or by whatever name called whereby the person to whom the advance, loan, trade credit or other facility is given has access, directly or indirectly, to the funds or property of the person giving it and shall include any sale and buy back arrangement, joint venture arrangement, deferred payment sale, return sharing arrangement and any other financing arrangements made in accordance with Shariah; (b) hire purchase, hire and purchase, leasing, factoring, debt trading and such similar dealings or transaction; (c) the giving of a guarantee or any security in relation to the obligations of any person; or (d) any other like dealing or transaction as may be prescribed by the Corporation;
ACT 720 - MALAYSIA DEPOSIT INSURANCE CORPORATION ACT 2011
2. Interpretation. |
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Islamic financing facility "Islamic financing facility" means a facility granted by a financier to a customer under a scheme of financing in accordance with the principles of Syariah as approved by the Shariah Advisory Council on Islamic Finance established under the Central Bank of Malaysia Act 2009 [Act 701];
PU(A) 081/2011 - STAMP DUTY (REMISSION) ORDER 2011
2. Interpretation |