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conventional deposit "conventional deposit" means the deposit as defined under section 2 of the Banking and Financial Institutions Act 1989 [Act 372] and does not include an Islamic deposit;
ACT 642 - MALAYSIA DEPOSIT INSURANCE CORPORATION ACT 2005
2. Interpretation. |
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conventional deposit "conventional deposit" means a sum of money received or paid on terms:- (a) under which it will be repaid or is repayable, with or without interest or a premium, or with any consideration in money, either on demand or at a time or in circumstances agreed by or on behalf of the person making the payment and the person receiving it; and (b) which is not referable to the provision of property or services or to the giving of security, and does not include an Islamic deposit;
ACT 720 - MALAYSIA DEPOSIT INSURANCE CORPORATION ACT 2011
2. Interpretation. |