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.”