Islamic Financial Services Act 2013
E235997
The Islamic Financial Services Act 2013 is Malaysia’s primary legal framework governing the regulation, supervision, and oversight of Islamic banking, takaful, and other Shariah-compliant financial services.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Islamic Financial Services Act 2013 canonical | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T2133356 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: Islamic Financial Services Act 2013 Context triple: [Central Bank of Malaysia Act, relatedTo, Islamic Financial Services Act 2013]
-
A.
Islamic Financial Services Board
The Islamic Financial Services Board is an international standard-setting body that develops and promotes regulatory and supervisory standards for the Islamic financial services industry worldwide.
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B.
Monetary and Banking Act of Iran
The Monetary and Banking Act of Iran is the foundational law that defines the structure, authority, and operations of Iran’s monetary and banking system, including its central bank.
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C.
Financial Services Act 2012
The Financial Services Act 2012 is a UK law that overhauled financial regulation after the 2008 crisis, creating new supervisory bodies and strengthening oversight of the financial system.
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D.
Islamic finance
Islamic finance is a system of banking and financial practices that complies with Islamic law, emphasizing risk-sharing, asset-backed transactions, and the prohibition of interest (riba) and excessive uncertainty (gharar).
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E.
Payment and Settlement Systems Act, 2007
The Payment and Settlement Systems Act, 2007 is an Indian law that provides a legal framework for the regulation, supervision, and oversight of payment and settlement systems in the country, primarily under the authority of the Reserve Bank of India.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: Islamic Financial Services Act 2013 Target entity description: The Islamic Financial Services Act 2013 is Malaysia’s primary legal framework governing the regulation, supervision, and oversight of Islamic banking, takaful, and other Shariah-compliant financial services.
-
A.
Islamic Financial Services Board
The Islamic Financial Services Board is an international standard-setting body that develops and promotes regulatory and supervisory standards for the Islamic financial services industry worldwide.
-
B.
Monetary and Banking Act of Iran
The Monetary and Banking Act of Iran is the foundational law that defines the structure, authority, and operations of Iran’s monetary and banking system, including its central bank.
-
C.
Financial Services Act 2012
The Financial Services Act 2012 is a UK law that overhauled financial regulation after the 2008 crisis, creating new supervisory bodies and strengthening oversight of the financial system.
-
D.
Islamic finance
Islamic finance is a system of banking and financial practices that complies with Islamic law, emphasizing risk-sharing, asset-backed transactions, and the prohibition of interest (riba) and excessive uncertainty (gharar).
-
E.
Payment and Settlement Systems Act, 2007
The Payment and Settlement Systems Act, 2007 is an Indian law that provides a legal framework for the regulation, supervision, and oversight of payment and settlement systems in the country, primarily under the authority of the Reserve Bank of India.
- F. None of above. chosen
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
Islamic finance legislation
ⓘ
Malaysian federal statute ⓘ financial regulation law ⓘ |
| basedOn | Shariah principles ⓘ |
| containsProvisionOn |
Shariah advisory council recognition
ⓘ
Shariah governance framework ⓘ Shariah non‑compliance risk management ⓘ approval of Islamic financial products ⓘ business conduct and consumer protection ⓘ capital adequacy for Islamic banks ⓘ corporate governance of Islamic financial institutions ⓘ fit and proper requirements for key responsible persons ⓘ market conduct supervision ⓘ offences and penalties for non‑compliance ⓘ operational standards for Islamic financial institutions ⓘ prudential requirements for Islamic financial institutions ⓘ reporting and disclosure obligations ⓘ risk management for Islamic financial institutions ⓘ solvency requirements for takaful operators ⓘ statutory management of troubled Islamic financial institutions ⓘ winding up of Islamic financial institutions ⓘ |
| country | Malaysia ⓘ |
| enactedBy | Parliament of Malaysia ⓘ |
| jurisdiction | Malaysia ⓘ |
| legalSystem | Malaysian law ⓘ |
| objective |
to ensure compliance of Islamic financial business with Shariah
ⓘ
to foster fair, responsible and professional business conduct ⓘ to promote sound risk management in Islamic financial institutions ⓘ to strengthen the regulatory and supervisory framework for Islamic finance ⓘ to support sustainable growth of the Islamic financial sector in Malaysia ⓘ |
| primaryPurpose |
promotion of financial stability in the Islamic financial system
ⓘ
protection of consumers of Islamic financial services ⓘ regulation of Islamic banking ⓘ regulation of Islamic financial institutions ⓘ regulation of Islamic payment systems and instruments ⓘ regulation of takaful business ⓘ |
| regulator | Bank Negara Malaysia ⓘ |
| relatedTo | Financial Services Act 2013 ⓘ |
| replaced |
Islamic Banking Act 1983
ⓘ
Takaful Act 1984 ⓘ |
| sector | Islamic finance in Malaysia ⓘ |
| shortName | IFSA 2013 ⓘ |
| subjectMatter |
Islamic banking
ⓘ
Islamic capital market interfaces with banking and takaful ⓘ Islamic financial services ⓘ Islamic money market ⓘ Islamic payment systems ⓘ takaful ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: Islamic Financial Services Act 2013 Description of subject: The Islamic Financial Services Act 2013 is Malaysia’s primary legal framework governing the regulation, supervision, and oversight of Islamic banking, takaful, and other Shariah-compliant financial services.
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.