PETALING JAYA: The Securities Commission Malaysia today signed a Memorandum of Understanding with the Islamic Development Bank Group, paving the way for greater cooperation in Islamic capital market and broadening the reach of Islamic fintech and social finance, particularly waqf.
Anwar and Muhammad Al Jasser, in their meeting in March 2023, had agreed that regulators, authorities and businesses in Malaysia to work closely with IsDB to explore new areas of collaboration. These include developing and piloting innovative Islamic finance products, promoting the halal industry, and supporting micro, small and medium enterprises .
Through greater collaboration, he said both parties can also develop and scale up the MSMEs, in support of their aspirations. To that end, the SC together with its affiliate, Capital Markets Malaysia recently engaged with various stakeholders in Abu Dhabi, Dubai and Riyadh. This includes lending Malaysia’s voice to reinforcing ICM’s impact and enhancing Malaysia’s global thought leadership.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SC partners IsDB to advance Islamic capital market, social financeThe HomePod is priced at RM1,549 and comes in two colours (midnight and white), while the HomePod Mini costs RM529 and has five colour options (space grey, blue, yellow, white, and orange).
Source: staronline - 🏆 4. / 75 Read more »
SC and Bursa Malaysia Enhance Monitoring and Supervision to Ensure Stability of Malaysian Capital MarketThe Securities Commission (SC) and Bursa Malaysia have increased monitoring and supervision to ensure the stability, fairness, and orderliness of the Malaysian capital market following recent developments in the Middle East conflict. They assure that the market foundation remains strong and intermediaries are well capitalized. Additionally, they have robust systems in place to ensure continuous and effective trade clarification and settlement. They also have the necessary controls to address potential sudden fluctuations in equity market. They will continue to carefully assess the situation to ensure the integrity of our capital market.
Source: UMonline - 🏆 27. / 51 Read more »
China Releases Guideline on Strengthening Regulation and Development of Capital MarketChina's State Council has issued a guideline to strengthen regulation, prevent risks, and promote high-quality development in the capital market. The guideline emphasizes the need for a secure, transparent, and resilient market, and calls for strict regulation on securities issuance and listing.
Source: theSundaily - 🏆 25. / 51 Read more »
‘Market of Fakes’ in Naples, capital of counterfeits and CamorraNAPLES, April 7 — As top brands like Gucci and Prada prepare to report billions in sales this month, luxury fakes on the streets of Naples are also yielding a jaw-dropping cash...
Source: malaymail - 🏆 1. / 86 Read more »