MALAYSIA: The Securities Commission Malaysia (SC) announced the establishment of the Maqasid Shariah Task Force for the Islamic capital market (ICM) to streamline the adoption of the Maqasid Shariah Guidance across the Malaysian ICM. This includes identifying areas for collaboration between regulatory bodies and industry players.
Members of the task force include Bursa Malaysia, the Malaysian Association of Asset Managers, the Federation of Investment Managers Malaysia, the Malaysian Investment Banking Association, the Association of Islamic Banking and Financial Institutions Malaysia, the Islamic Banking and Finance Institute Malaysia and the International Council of Islamic Finance Educators.
