Securities Commission Malaysia Issues New Consolidated Guidelines on Islamic Capital Market Products and Services 

Securities Commission Malaysia Issues New Consolidated Guidelines on Islamic Capital Market Products and Services 

https://islamicmarkets.com/articles/securities-commission-malaysia-issues-new-consolidated-guidelines-on-islamic-capital
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New guidelines on Islamic Capital Market Products and Services (ICMPS Guidelines) have been issued by the Securities Commission of Malaysia (SC), and they will serve as the primary source of reference for all the different offerings of Islamic Capital Market (ICM) products and services for both sophisticated and retail investors, as per a statement on the 28th of November 2022.

Why it Matters?

The ICMPS Guidelines go into effect on the 28th of November 2022 and consolidate, in one comprehensive central document, all Shariah requirements and principles that were previously laid out in various guidelines and apply to ICM products and services which include the Guidelines on Unit Trust Funds, Guidelines on Exchange-Traded Funds, and Guidelines on Unliste...