Kuala lumpur: The Securities Commission Malaysia (SC) today issued the Guidance Note on Sukuk: An Alignment with the Maqasid Al-Shariah Guidance Islamic Capital Market Malaysia to strengthen the alignment of sukuk issuances with Maqasid al-Shariah.

According to BERNAMA News Agency, the SC stated that the Guidance Note is part of the Capital Market Masterplan 2026-2030. This initiative aims to support the development of ethics-driven products and to facilitate the continued growth of Malaysia's Islamic capital market.

The SC explained that while existing frameworks ensure Shariah compliance, the new Guidance Note seeks to promote a more comprehensive assessment of sukuk issuances. It intends to guide Shariah advisers to take into account broader value creation, including alignment with issuers' strategic objectives as well as economic and societal outcomes.

The Guidance Note provides an outline of the scope, applicability, and key considerations in applying the Maqasid Al-Shariah Guidance Islamic Capital Market Malaysia within the sukuk ecosystem. It also highlights the roles of Shariah advisers and issuers in this process.