Latest news with #MohammadFaiz
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
The Sun
24-06-2025
- Business
- The Sun
Securities Commission launches Guidelines on Product Governance
PETALING JAYA: The Securities Commission Malaysia (SC) today introduced the Guidelines on Product Governance (PGG), aimed at strengthening investor protection as well as encouraging responsible product development and distribution in the capital market. This initiative is part of the SC's market and regulatory reforms towards enhancing industry conduct and market integrity. Among others, the PGG requires product issuers and distributors (firms) to prioritise investors' interests when designing and distributing unlisted capital market products, reflecting this in its controls, policies and procedures (CPPs); firms to put in place CPPs that improve product suitability for the intended target market and proactively identify and prevent potential harm to investors; places greater emphasis on board and management's responsibilities by holding them accountable for product design and distribution; and requires collaborative relationship between the product issuers and distributors to share information in respect of the appropriateness of target market to ensure the product continues to serve its intended purpose. SC chairman Datuk Mohammad Faiz Azmi said the PGG reinforces the SC's efforts in promoting responsible product innovation and distribution. 'The PGG adopts a principle-based approach, allowing firms to implement their product governance framework that best suits their business model while still achieving its desired regulatory outcomes.' Mohammad Faiz remarked that it is crucial in protecting investors' interests and driving responsible innovation. 'By implementing an effective product governance framework, firms will also be able to demonstrate their commitment to ethical and responsible business practices, which is key to building trust in investors and regulators,' he said. The PGG, which had taken into consideration benchmarked practices and industry feedback, will apply to unlisted capital market products1 except for ordinary shares, over-the-counter derivatives contracts, venture capital or private equity funds and products offered on platforms operated by a recognised market operator. To facilitate a smooth transition, the PGG will come into effect on Jan 2, 2026, giving firms ample time to familiarise themselves with the requirements and prepare for compliance. Product issuers and distributors are encouraged to submit any queries regarding the PGG to PGGuidelines@
New Indian Express
24-06-2025
- New Indian Express
Woman sexually assaulted by fellow patient at Delhi hospital
NEW DELHI: A woman was allegedly sexually assaulted by a fellow patient at JPC Hospital in northeast Delhi on Monday, police said. According to a senior police officer, the incident was reported to the police on the same day. Upon arriving at the hospital, officers found that the victim, a female patient, had been sexually assaulted by a 23-year-old man identified as Mohammad Faiz, a resident of Kachchi Khajuria. 'A case has been registered at the New Usmanpur police station and the accused has been arrested,' said police. In a separate incident in the same district's Jyoti Nagar area, a 19-year-old woman was allegedly pushed off the terrace of a building. Police were informed on Monday around 8.30 am that a woman had fallen from a rooftop in Ashok Nagar. Upon reaching the scene, they found that the victim had been taken to GTB Hospital by her father. 'Preliminary probe revealed the woman was allegedly pushed from the rooftop by the accused person. A case under BNS sections 109(1) and 351(2) has been registered at Jyoti Nagar police station,' the senior officer said.
The Star
20-06-2025
- Business
- The Star
SC adds 59 entities to investor alert list in 1Q
KUANTAN: The Securities Commission Malaysia (SC) added 59 names to its Investor Alert List in the first quarter (1Q) of this year, said chairman Datuk Mohammad Faiz Azmi. He said this move is part of ongoing efforts to combat the increasingly rampant scams, alongside blocking fraudulent websites and social media pages. "In 2024, we added 273 names to the Alert List, and in the 1Q this year, we added another 59,' he said during his opening remarks at the launch of the Bersama InvestSmart@Pahang 2025 programme. The event was officiated by Pahang Investment, Industrial Development, Science, Technology and Innovation Committee chairman Datuk Mohamad Nizar Mohamad Najib. Mohammad Faiz added that the SC also collaborates closely with the Malaysian Communications and Multimedia Commission (MCMC) to block these deceptive sites. "Last year, we blocked 153 websites and 261 social media pages. In the 1Q, we blocked 29 websites and 91 social media pages. These numbers show how much illicit activity we are fighting daily,' he said. As of May 2025, he said, the SC had received 1,218 complaints and enquiries about scams. Mohammad Faiz also reminded the public to be cautious of scams that claim to be Shariah‑compliant, using religious sentiment to gain trust. Bersama InvestSmart@Pahang 2025 is a three‑day programme starting today, bringing together government officials, capital market industry players, and regulators under one roof as part of the SC's investor outreach initiative. More than 40 exhibitors are participating in the event, themed "Bijak Labur, Hidup Makmur'. - Bernama
The Sun
20-06-2025
- Business
- The Sun
SC adds 59 entities to investor alert list in Q1
KUANTAN: The Securities Commission Malaysia (SC) added 59 names to its Investor Alert List in the first quarter (1Q) of this year, said chairman Datuk Mohammad Faiz Azmi. He said this move is part of ongoing efforts to combat the increasingly rampant scams, alongside blocking fraudulent websites and social media pages. 'In 2024, we added 273 names to the Alert List, and in the 1Q this year, we added another 59,' he said during his opening remarks at the launch of the Bersama InvestSmart@Pahang 2025 programme. The event was officiated by Pahang Investment, Industrial Development, Science, Technology and Innovation Committee chairman Datuk Mohamad Nizar Mohamad Najib. Mohammad Faiz added that the SC also collaborates closely with the Malaysian Communications and Multimedia Commission (MCMC) to block these deceptive sites. 'Last year, we blocked 153 websites and 261 social media pages. In the 1Q, we blocked 29 websites and 91 social media pages. These numbers show how much illicit activity we are fighting daily,' he said. As of May 2025, he said, the SC had received 1,218 complaints and enquiries about scams. Mohammad Faiz also reminded the public to be cautious of scams that claim to be Shariah‑compliant, using religious sentiment to gain trust. Bersama InvestSmart@Pahang 2025 is a three‑day programme starting today, bringing together government officials, capital market industry players, and regulators under one roof as part of the SC's investor outreach initiative. More than 40 exhibitors are participating in the event, themed 'Bijak Labur, Hidup Makmur'.
