SC launches Maqasid Al-Shariah guidance to bolster Islamic capital market

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The guidance will serve as a valuable reference document to industry players, says chairman Awang Adek Hussin.

The Securities Commission Malaysia chairman Awang Adek Hussin says the principles-based document will ensure that Islamic capital market products are beneficial for society.

“The guidance would serve as a solution to the various challenges and opportunities in the market by emphasising substance, rather than form. He said the guidance was formulated based on a range of international best practices to ensure its quality and effectiveness.

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