Part of its efforts to improved the syariah governance framework for the Islamic Capital market.
In a statement, SC stated that as the main source of reference on all various offerings of Islamic Capital Market products and services, the ICMPS Guidelines will consolidate all the syariah requirements that were previously set out in various guidelines.
The ICMPS Guidelines are effective as of Nov 28, 2022, and entail a detail central documents on syariah principles and requirements, applicable to ICM products and services. Listed funds such as Islamic Real Estate Investment Trusts and Islamic Exchange Traded Funds are included in the enlarged Waqf-Featured Fund Framework .
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