Regulatory Alerts2021-09-22
Guidelines on Islamic Fund Management
The Securities Commission Malaysia issued these guidelines to establish regulatory requirements for Islamic fund management companies and those operating Islamic windows. The document mandates the appointment of Shariah advisers, ensures employee competency, and enforces strict portfolio management and compliance protocols to maintain Shariah compliance. Additionally, it outlines the certification process and documentation required for fund management companies to obtain tax exemptions for their Islamic fund operations.
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