Islamic Financial Services Act 2013
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Islamic Financial Services Act 2013
The Islamic Financial Services Act 2013 ( ms, Akta Perkhidmatan Kewangan Islam 2013), is a Malaysia Malaysia ( ; ) is a country in Southeast Asia. The federation, federal constitutional monarchy consists of States and federal territories of Malaysia, thirteen states and three federal territories, separated by the South China Sea into two r ...n 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. Structure The Islamic Financial Services Act 2013, in its current form (22 March 2013), consists of 18 Parts containing 291 sections and 16 schedules (including no amendment). * Part I: Preliminary * Part II: Regulatory Objectives and Powers and Functions of Bank * Part III: Authorization * Part IV: ...
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Parliament Of Malaysia
The Parliament of Malaysia ( ms, Parlimen Malaysia) is the national legislature of Malaysia, based on the Westminster system. The bicameral parliament consists of the Dewan Rakyat (House of Representatives, Literal translation, lit. "People's Assembly") and the Dewan Negara (Senate, Literal translation, lit. "State Assembly"). The Yang di-Pertuan Agong (King), as the head of state, is the third component of Parliament. The Parliament assembles in the Malaysian Houses of Parliament, located in the national capital city of Kuala Lumpur. The term "Member of Parliament (MP)" usually refers to a member of the Dewan Rakyat, the lower house of the Parliament. The term "Senator" usually refers to a member of the Dewan Negara, the upper house of the Parliament. History Colonial and the Federation of Malaya Historically, none of the states forming the Federation of Malaysia had parliaments before independence, save for Sarawak which had its own Council Negeri which enabled local p ...
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Malaysia
Malaysia ( ; ) is a country in Southeast Asia. The federation, federal constitutional monarchy consists of States and federal territories of Malaysia, thirteen states and three federal territories, separated by the South China Sea into two regions: Peninsular Malaysia and Borneo's East Malaysia. Peninsular Malaysia shares a land and maritime Malaysia–Thailand border, border with Thailand and Maritime boundary, maritime borders with Singapore, Vietnam, and Indonesia. East Malaysia shares land and maritime borders with Brunei and Indonesia, and a maritime border with the Philippines and Vietnam. Kuala Lumpur is the national capital, the country's largest city, and the seat of the Parliament of Malaysia, legislative branch of the Government of Malaysia, federal government. The nearby Planned community#Planned capitals, planned capital of Putrajaya is the administrative capital, which represents the seat of both the Government of Malaysia#Executive, executive branch (the Cabine ...
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Dewan Rakyat
The Dewan Rakyat (English: 'House of Representatives'; ) is the lower house of the bicameral Parliament, the federal legislature of Malaysia. The chamber and its powers are established by Article 44 of the Constitution of Malaysia. The Dewan Rakyat sits in the Houses of Parliament in Kuala Lumpur, along with the Dewan Negara, the upper house. The Dewan Rakyat is a directly elected body consisting of 222 members known as Members of Parliament (MPs). Members are elected by first-past-the-post voting with one member from each federal constituency. Members hold their seats until the Dewan Rakyat is dissolved, the term of which is constitutionally limited to five years after an election. The number of seats each state or territory is entitled to is fixed by Article 46 of the Constitution. While the concurrence of both chambers of Parliament is normally necessary for legislation to be enacted, the Dewan Rakyat holds significantly more power in practice; the Dewan Negara very rar ...
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Dewan Negara
The Dewan Negara (English language, English: Senate; Literal translation, lit. "State Council") is the upper house of the Parliament of Malaysia, consisting of 70 senators of whom 26 are elected by the State legislative assemblies of Malaysia, state legislative assemblies, with two senators for each state, while the other 44 are appointed by the Yang di-Pertuan Agong (King), including four who are appointed to represent the Federal Territories (Malaysia), federal territories. The ''Dewan Negara'' usually reviews legislation that has been passed by the lower house, the ''Dewan Rakyat''. All bills must usually be passed by both the ''Dewan Rakyat'' and the ''Dewan Negara'' (the Senate), before they are sent to the Yang di-Pertuan Agong, King for royal assent. However, if the ''Dewan Negara'' rejects a bill, it can only delay the bill's passage by a maximum of a year before it is sent to the King, a restriction similar to that placed on the House of Lords in the United Kingdom. Li ...
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Awang Adek Hussin
Dato’ Seri Dr. Awang Adek bin Hussin (born 18 May 1956) is a Malaysian politician and diplomat. He is the former Malaysian Ambassador to the United States. He was the Member of the Parliament of Malaysia for the Bachok constituency in Kelantan for one term from 2004 to 2008. Datuk Dr. Awang Adek bin Hussin is no longer an active politician he once was. He had relinquished all his party positions after the General Election in 2018. He remains active as an ordinary party member and is no longer active in party politics. Since 2018, his involvements focused mainly on corporate activities and has been chairmen on a few boards. Early life and education Awang Adek was born in Bachok, Kelantan. Awang Adek holds degrees in mathematics and economics from Drew University of the United States and a Doctor of Philosophy (PhD) and master's degree from Wharton School of the University of Pennsylvania. Career He began his career as a lecturer at Universiti Sains Malaysia (USM) from 1983 to ...
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Minister Of Finance (Malaysia)
The Minister of Finance (or simply, Finance Minister) ( ms, Menteri Kewangan) is the head of the Ministry of Finance of the Government of Malaysia. One of the senior posts in the Cabinet of Malaysia, the finance minister is responsible for determining the fiscal policy and managing national budget A government budget is a document prepared by the government and/or other political entity presenting its anticipated tax revenues (Inheritance tax, income tax, corporation tax, import taxes) and proposed spending/expenditure (Healthcare, Educat ... of the government. The Minister of Finance is Anwar Ibrahim since December 3, 2022. He previously served as Finance Minister from 1991 to 1998. The minister is supported by the two Deputy Ministers of Finance. List of the Ministers of Finance The following individuals have been appointed as Minister of Finance, or any of its precedent titles: Political Party: References {{Malaysian federal ministerial portfolios Ministry o ...
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2013 In Malaysian Law
Thirteen or 13 may refer to: * 13 (number), the natural number following 12 and preceding 14 * One of the years 13 BC, AD 13, 1913, 2013 Music * 13AD (band), an Indian classic and hard rock band Albums * ''13'' (Black Sabbath album), 2013 * ''13'' (Blur album), 1999 * ''13'' (Borgeous album), 2016 * ''13'' (Brian Setzer album), 2006 * ''13'' (Die Ärzte album), 1998 * ''13'' (The Doors album), 1970 * ''13'' (Havoc album), 2013 * ''13'' (HLAH album), 1993 * ''13'' (Indochine album), 2017 * ''13'' (Marta Savić album), 2011 * ''13'' (Norman Westberg album), 2015 * ''13'' (Ozark Mountain Daredevils album), 1997 * ''13'' (Six Feet Under album), 2005 * ''13'' (Suicidal Tendencies album), 2013 * ''13'' (Solace album), 2003 * ''13'' (Second Coming album), 2003 * ''13'' (Ces Cru EP), 2012 * ''13'' (Denzel Curry EP), 2017 * ''Thirteen'' (CJ & The Satellites album), 2007 * ''Thirteen'' (Emmylou Harris album), 1986 * ''Thirteen'' (Harem Scarem album), 2014 * ''Thirte ...
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