Securities Commission Malaysia Introduces Shariah Screening Assessment Toolkit to Strengthen Islamic Capital Market

The Securities Commission Malaysia (SC) has introduced a Shariah Screening Assessment Toolkit (Toolkit) for the unlisted micro, small and medium enterprises (MSMEs), according to the SC Annual Report 2021.

Why it Matters?

SC continued to improve the value offering of Islamic Capital Markets (ICM) by expanding access to shariah-compliant funding, boosting Islamic social finance, and supporting Islamic fintech growth. The Toolkit was introduced to facilitate a conducive funding ecosystem within ICM and advance the development of market-based financing avenues to support the halal economy.

Details

The Toolkit comprised a set of assessment questions for unlisted MSMEs based on the shariah screening methodology which was endorsed by SC's S...