Regulatory Publications
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Guidelines and Policies for Sukuk Guidelines and Policies for Sukuk Guidelines and Policies for Sukuk
Sukuk fall under the purview of the Securities Commission Malaysia and are regulated under section 212 of the Capital Markets and Services Act 2007.
14 Jun 2013
Introduction to Malaysian Islamic Finance Regulatory Structures Introduction to Malaysian Islamic Finance Regulatory Structures Introduction to Malaysian Islamic Finance Regulatory Structures
Malaysia’s approach to the regulation of Islamic finance is an integrated one. While the Islamic financial system is governed by its own specific legal structures, it is also subject to many regulations similar to those of the conventional system with which it exists side by side.
14 Jun 2013
Establishing a Foreign Fund Management Company Establishing a Foreign Fund Management Company Establishing a Foreign Fund Management Company
The MIFC is offering Islamic Fund Management licences to financial institutions wishing to conduct Islamic fund management business in ringgit and non-ringgit in Malaysia.
14 Jun 2013
Application Procedures for Islamic Banking Application Procedures for Islamic Banking Application Procedures for Islamic Banking
Foreign and local fund managers intending to set up a foreign Islamic fund management business in Malaysia are required to apply and register with the Securities Commission Malaysia (SC). Upon establishment of a foreign Islamic fund management company, they may then submit an application for a fund manager license.
14 Jun 2013
Application Procedures for Islamic Banking Application Procedures for Islamic Banking Application Procedures for Islamic Banking
The MIFC Secretariat is the single contact point for an IIB licence. The required application form and documents shall be submitted to the MIFC Secretariat for processing. The MIFC Secretariat shall facilitate the process in acquiring the approval from the relevant authority.
14 Jun 2013
Guidelines and Policies for Islamic Banking Guidelines and Policies for Islamic Banking Guidelines and Policies for Islamic Banking
International Islamic Banks (IIB) are licensed under the Islamic Banking Act 1983 (IBA). Under the IBA, qualified foreign and Malaysian financial institutions are allowed to conduct Islamic banking business in international currencies other than Malaysian ringgit.
14 Jun 2013
Guidelines and Policies for Islamic Fund and Wealth Management Guidelines and Policies for Islamic Fund and Wealth Management Guidelines and Policies for Islamic Fund and Wealth Management
Islamic Fund Management businesses in Malaysia are required to register with Securities Commission Malaysia (SC) and are governed by Section 377 of the Capital Market Services Act 2007.
14 Jun 2013
Guidelines and Policies for International Takaful Guidelines and Policies for International Takaful Guidelines and Policies for International Takaful
Under the Takaful Act 1984 (TA), an International Takaful Operator (ITO) is allowed to carry out non-ringgit composite (general and family) takaful business and re-takaful (Islamic reinsurance) business in Malaysia with non-residents in international currencies other than Malaysian ringgit.
14 Jun 2013
International Takaful Operator Licenses International Takaful Operator Licenses International Takaful Operator Licenses
International Takaful Operating licences are offered to financial institutions seeking to conduct the full range of takaful and retakaful activities in foreign currencies.
14 Jun 2013
The MIFC logo is a registered trademark in Malaysia.
