Regulatory Alerts2020-05-18
Guidelines on Islamic Fund Management
The Securities Commission Malaysia issued these guidelines to establish regulatory requirements for Islamic fund management companies and conventional firms operating Islamic windows. The document mandates the appointment of qualified Shariah advisers, ensures employee competency, and enforces strict portfolio management and compliance protocols to guarantee Shariah compliance. Additionally, it outlines specific qualifying conditions and application procedures for fund management companies seeking tax exemption certification for their Islamic fund activities.
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