Latest news with #Maqasidal-Shariah
The Star
08-07-2025
- Business
- The Star
SC, Durham University ink MoU to advance Islamic capital market education
KUALA LUMPUR: The Securities Commission Malaysia (SC) has signed a memorandum of understanding (MoU) with Durham University to strengthen cooperation in capacity building, knowledge sharing, and joint initiatives in Islamic finance and Islamic capital market (ICM). In a statement today, the SC said the inaugural ICM Summer School is one of the collaborations under this MoU, jointly organised with the Durham Centre for Islamic Economics and Finance, Durham University Business School. SC chairman Datuk Mohammad Faiz Azmi said the ICM Summer School is a milestone in cultivating visionary leaders for the future of Islamic finance, driven by a shared commitment to advancing capacity and thought leadership across the industry, from practitioners to seasoned scholars. "By embedding Maqasid al-Shariah principles, we aim to build an ethical, sustainable, and innovative capital market. Our partnership with Durham University equips professionals to reinforce Malaysia's global leadership in Islamic finance. ''The SC aims for Maqasid al-Shariah to serve as a strategic differentiator, driving innovation and collaboration among regulatory bodies and Islamic industry players worldwide,'' he said. Mohammad Faiz also said that the initiative reflects a strong commitment to advancing the values outlined in the Maqasid al-Shariah Islamic Capital Market Guidance introduced by the SC in 2023. The SC said the ICM Summer School programme will run from 2025 to 2027, with one cohort annually, with the inaugural group of 15 participants commencing a month-long hybrid programme in the third quarter of 2025. It said the advanced executive programme is designed for mid- to senior-level professionals and leaders in the Islamic finance industry, with a minimum of five years' relevant working experience. Upon completing intensive online modules, SC said participants will attend a five-day masterclass at Durham University and, upon successful completion of the programme, will receive joint certification from the SC and Durham University. The curriculum will cover key areas including Sukuk, Islamic equities, Shariah-compliant products, fintech, sustainability, regulatory frameworks, and product innovation, with a central focus on applying Maqasid Al-Shariah principles to promote ethical, inclusive, and sustainable Islamic capital market and finance practices. - Bernama
New Straits Times
08-07-2025
- Business
- New Straits Times
SC, Durham University forge partnership to advance Islamic finance education
KUALA LUMPUR: The Securities Commission (SC) has signed a memorandum of understanding (MoU) with Durham University to strengthen collaboration in Islamic finance education, research and innovation. The MoU includes the newly launched Islamic Capital Market (ICM) Summer School initiative, which the Durham University Centre for Islamic Economics and Finance organises in collaboration with its Business School. The initiative aims to equip professionals with strategic leadership skills and a deeper understanding of Maqasid al-Shariah in Islamic capital markets. SC chairman Datuk Mohammad Faiz Azmi said the initiative is a milestone in nurturing future leaders of Islamic finance. "This is driven by a shared commitment to advance capacity and thought leadership in the industry, from practitioners to seasoned scholars," he said in a statement. "By embedding Maqasid al-Shariah principles, we aim to build an ethical, sustainable and innovative capital market." He said the programme aligns with the values outlined in the Maqasid al-Shariah Islamic Capital Market Guidance introduced by the SC in 2023. Durham University vice-chancellor and warden professor Karen O'Brien said the university has a long-standing contribution to Islamic finance research and education. "Durham has a history of over 30 years in Islamic finance research and has trained over 1,500 individuals through our summer school since 2006. "This new partnership will continue to train and inspire current and future leaders, upholding a tradition of thought, practice and leadership," she said. Running from 2025 to 2027, the ICM Summer School will offer one cohort annually, starting in the third quarter of 2025. Each cohort will include 15 participants in a month-long hybrid programme. The curriculum will cover key areas, including sukuk, Islamic equities, Shariah-compliant products, fintech, sustainability, regulatory frameworks, and product innovation. A core emphasis will be placed on the application of Maqasid al-Shariah principles to foster a more inclusive and resilient Islamic capital market. Targeted at mid- to senior-level professionals with at least five years of experience in the Islamic finance industry, the programme combines online modules and a five-day in-person masterclass at Durham University. Graduates will receive joint certification from the SC and Durham University.
New Straits Times
26-05-2025
- Business
- New Straits Times
SC launches Hadith book series on sustainability, ethical sales transactions
KUALA LUMPUR: The Securities Commission (SC) has today launched the 40 Hadiths book series on sustainability and ethical sales transactions. The publications, launched during the 3rd SC Nadwah of Shariah Advisers in Islamic capital market (ICM), aim to enhance industry awareness and practical implementation of the Islamic perspective on sustainability and Islamic ethics in commercial transactions. It also marks a milestone in raising industry awareness on embedding the principles of Maqasid al-Shariah guidance in ICM, specifically in areas such as environmental stewardship, responsible business and trade practices. The SC chairman Datuk Mohammad Faiz Azmi said internalising the guidance encapsulated in these hadiths contributes to the development of a just, inclusive and sustainable economy. Mohammad Faiz said the SC is committed to making Maqasid al-Shariah a fundamental framework for business dealings in ICM. "The outcomes that we are witnessing today is one of the approaches towards ensuring Islamic financial products and services are designed and implemented in a way that promotes the welfare of society and the environment," he added. Meanwhile, the SC announced the establishment of the Maqasid al-Shariah task force for ICM (MaTF), that will drive and streamline adoption of the guidance across the Malaysian ICM. This includes identifying areas for strategic collaboration and innovation between regulatory bodies and industry players. Members of the task force include Bursa Malaysia Bhd, Malaysian Association of Asset Managers, Federation of Investment Managers Malaysia, Malaysian Investment Banking Association, Association of Islamic Banking and Financial Institutions Malaysia Islamic Banking and Finance Institute Malaysia and International Council of Islamic Finance Educators. Established in 2023, the SC Nadwah serves as a convening platform for intellectual discourse on applied Shariah knowledge sharing and charting the next wave of innovative Shariah solutions among Shariah advisers and market practitioners.
