IBANK 1.1.6 Islamic Investment Business

(1) Islamic investment business includes the following activities:
(a) buying, selling, subscribing for or underwriting any Islamic investment as principal;

Note The buying, selling etc of any Islamic investment as agent is covered by INMA, and is collectively referred to in those rules as 'dealing in investments as agent'.
(b) entering as principal or agent into any of the following Islamic financial contracts for the purposes of buying, selling, subscribing for or underwriting any Islamic investment:
(i) musharakah and its variations;
(ii) mudarabah and its variations;
(iii) any other Islamic financial contract that is recognised by the firm's Shari'a supervisory board.
(2) Islamic investments means investments through any 1 or more of the kinds of Islamic financial contracts mentioned in subrule (1) (b).
Derived from QFCRA RM/2015-2 (as from 1st January 2016).