Pg. P.U. 12/2001 MAJLIS AGAMA ISLAM NEGERI PULAU PINANG OFFICERS (CONDUCT AND DISCIPLINE) REGULATIONS 2001
PART II - CODE OF CONDUCT
Regulation 12. Borrowing money.
(1) No officer may borrow from any person or stand as surety to any borrower, or in any manner place himself under a pecuniary obligation to any person—
(a) who is directly or indirectly subject to his official authority;
(b) with whom the officer has or is likely to have official dealings;
(c) who resides or possesses land or carries on business within the local limits of his official authority; or
(d) who carries on the business of money lending.
(2) Notwithstanding subregulation (1), an officer may borrow money from, or stand as surety to any person who borrows money from, any financial institution, insurer or co-operative society or incur debt throught the acquisition of goods by means of hire-purchase agreements, if—
(a) the financial institution, insurer or co-operative society from which the officer borrows is not directly subject to his official authority;
(b) the borrowing does not and will not lead to public scandal and cannot be construed as an abuse by the officer of his position as an officer of the Majlis to his private advantage; and
(c) the aggregate of his debts does not or is not likely to cause the officer to be in serious pecuniary indebtedness as defined under subregulations 13(7) and (8).
(3) Subject to subregulation (2), an officer may incur debts arising from—
(a) sums borrowed on the security of land charged or mortgaged, where the sums borrowed do not exceed the value of the land;
(b) overdrafts or other credit facilities approved by financial institutions;
(c) sums borrowed from insurers on the security of insurance policies;
(d) sums borrowed from the State Government, the Majlis or any co-operative society; or
(e) payment due on goods acquired by means of hire-purchase agreements.