IFSA 2013

E818519

IFSA 2013 is a Malaysian legislative framework that comprehensively regulates and supervises the Islamic finance industry, including Islamic banking, takaful, and related financial services.

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Label Occurrences
IFSA 2013 canonical 1

How this entity was disambiguated

Statements (48)

Predicate Object
instanceOf Islamic finance legislation ⓘ
Malaysian federal statute ⓘ
appliesTo Islamic banks ⓘ
Islamic financial holding companies ⓘ
Islamic financial institutions ⓘ
Islamic money brokers ⓘ
Islamic payment system operators ⓘ
takaful operators ⓘ
country Malaysia ⓘ
enforcedBy Bank Negara Malaysia ⓘ
fullName Islamic Financial Services Act 2013 ⓘ
includesRequirement Shariah governance framework for Islamic financial institutions ⓘ
business conduct and consumer protection standards ⓘ
corrective and enforcement actions ⓘ
establishment of Shariah committees ⓘ
licensing of Islamic financial institutions ⓘ
prudential standards for Islamic financial institutions ⓘ
resolution and exit mechanisms for Islamic financial institutions ⓘ
supervision and examination powers for Bank Negara Malaysia ⓘ
jurisdiction Malaysia ⓘ
keyConcept Shariah compliance ⓘ
consumer protection ⓘ
prudential regulation ⓘ
systemic stability ⓘ
languageOfText English ⓘ
Malay ⓘ
legalSystem common law ⓘ
legislature Parliament of Malaysia ⓘ
purpose to ensure compliance of Islamic financial business with Shariah ⓘ
to promote financial stability in the Islamic financial system ⓘ
to provide a regulatory framework for Islamic financial institutions ⓘ
to strengthen consumer protection in Islamic financial services ⓘ
region Asia ⓘ
regulator Bank Negara Malaysia ⓘ
relatedTo Financial Services Act 2013 ⓘ
repeals Islamic Banking Act 1983 ⓘ
Takaful Act 1984 ⓘ
sector Islamic capital markets ⓘ
financial regulation ⓘ
subjectMatter Islamic banking ⓘ
linked to: Islamic finance

Islamic finance ⓘ
Islamic financial safety net ⓘ
Islamic financial services ⓘ
Islamic foreign exchange market ⓘ
Islamic insurance ⓘ
Islamic money market ⓘ
linked to: Islamic finance

Islamic payment systems ⓘ
takaful ⓘ

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