The Securities Commission Malaysia (SC) launched a new framework to facilitate the offering of Islamic funds with waqf features to enable the growth of the Islamic social finance segment.
SC INTRODUCES NEW FRAMEWORK TO FACILITATE OFFERING OF ISLAMIC FUNDS WITH WAQF FEATURES
“The Waqf-Featured Fund Framework (framework) will broaden the range of innovative Islamic capital market products and provide the public access to Islamic funds that allocate whole or part of the fund’s returns towards socially impactful activities via waqf.”
SC Introduces New Framework To Facilitate Offering of Islamic Funds With Waqf Features – Media Releases and Announcements
The Securities Commission Malaysia (SC) today launched a new framework to facilitate the offering of Islamic funds with waqf features to enable the growth of the Islamic social finance segment. The development of waqf was identified as one area of significant potential for social development, greate…