Regulatory Alerts2026-01-01
Directive on Shariah Compliant Debt Securities dated 26th February 2026
The Securities and Exchange Commission of Sri Lanka has amended regulations to reduce the number of Accredited Shariah Scholars required to certify Shariah Compliant Debt Securities for listing on the Colombo Stock Exchange. This directive lowers the requirement from previous standards to mandate engagement with exactly two approved scholars to obtain the necessary Shariah Compliance Certificate. The Commission directs the Colombo Stock Exchange to inform all entities issuing such securities in domestic or international markets to comply with this revised certification process.
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