A Renowned Shariah Scholar from Saudi Arabia Prof Dr Mohamed Ali Elgari and Thomson Reuters were named the recipients of the Most Outstanding Individual Contribution to Islamic Finance and the Most Outstanding Islamic Finance Institution respectively at the KLIFF Islamic Finance Awards Presentation 2019.
Building on Malaysia’s strength in the Islamic capital market, the Securities Commission Malaysia (SC) will continue to broaden its Socially Responsible Investing (SRI) Sukuk framework and introduce Islamic SRI positive screening for equity offerings this year.
SC’s deputy chief executive Datuk Zainal Izlan Zainal Abidin said; “The Islamic capital market is one of our key priorities. We continually look at how we can expand and broaden the reach of Islamic finance and the Islamic capital market. In 2014, we introduced the SRI Sukuk framework, which combines the elements of sukuk with the SRI purpose of utilisation of the proceeds.”