Regulatory Alerts2014-08-28
Guidelines on Sukuk
The Securities Commission Malaysia issued revised Guidelines on Sukuk effective 28 August 2014 to regulate the issuance, offering, and approval of sukuk under the Capital Markets and Services Act 2007. The document establishes comprehensive requirements for issuers, principal advisers, and Shariah advisers, while detailing specific Shariah rulings for ringgit-denominated sukuk structures such as ijarah, musharakah, and mudharabah. It further outlines approval procedures, disclosure obligations, and specific regulatory frameworks for sustainable and responsible investment sukuk as well as retail sukuk.
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