Section 25
Reserve Fund [S 18/2022]
of Perbadanan Tabung Amanah Islam Brunei Act
ActIn forceProvision 19 of 21
Section 25
(1)
The Perbadanan TAIB shall establish a Reserve Fund.
(2)
There shall be paid into the Reserve Fund by the
Perbadanan TAIB —
(a)
the net income or profit from the investment of —
(i)
the assets of the Reserve Fund;
(ii)
the deposits from customers in the performance of banking operations in accordance with this Act; and
(iii)
the deposits from the subscribers of the Hajj Fund;
and
(b)
any Government grant, gift, contribution or bequest made to the Perbadanan TAIB.