Kuala Lumpur, 3 October 2017
SC and ISRA publish textbook on “Sukuk: Principles and Practices”
Securities Commission Malaysia (SC) and The International Shari’ah Research Academy for Islamic Finance (ISRA) today released a joint publication on ‘Ṣukuk: Principles & Practices’ launched by His Royal Highness Sultan Nazrin Muizzuddin Shah at the Kuala Lumpur Islamic Finance Forum 2017 in Kuala Lumpur.
This is the second publication under the collaboration between SC and ISRA, following the success of previous joint publication, ‘Islamic Capital Markets: Principles & Practices’ in 2015. The SC and Khazanah Nasional Berhad are co-sponsors of these two initiatives.
The launch of the textbook is timely in view of the increasing role of sukuk as an important source of capital formation to finance the development of a country’s economy.
Malaysia continues to be the world’s largest sukuk market, characterised by the presence of innovative sukuk structures, diversity of domestic and foreign issuers and investors as well as availability of various maturities and currency denominations. The global significance of Malaysia’s sukuk market is the result of orderly development of the sukuk market ecosystem, and the broad acceptance of sukuk globally as a viable mechanism to raise capital as evidenced by the growing number of countries including non-Muslim ones that have issued or planning to issue sukuk.
More recently, Malaysia witnessed the issuance of the world’s first green sukuk under SC’s Sustainable & Responsible Investment (SRI) Sukuk framework. The green sukuk further affirmed the country’s efforts in product innovation as well as its position as a leading Islamic finance marketplace and its value proposition as a centre for sustainable finance.
The ‘Ṣukuk: Principles & Practices’ textbook focuses on the theories and practices governing sukuk across various jurisdictions while adopting a global perspective when discussing the subject. It serves as a vital source of reference to academicians, students and practitioners to gain greater understanding on sukuk and in turn, contribute towards continuing growth and expansion of the sukuk market globally.
SECURITIES COMMISSION MALAYSIA
INTERNATIONAL SHARI’AH RESEARCH ACADEMY FOR ISLAMIC FINANCE
Members of the Media may contact SC’s Strategic Communications Department at 03-62048305 (Lau Mei San), 03-62048265 (Delyana Nordin), 03-62048326 (Teoh El Sen) or fax no.: 03-62015078 or e-mail: [email protected].
Securities Commission Malaysia (SC), a statutory body reporting to the Minister of Finance, was established under the Securities Commission Act 1993. It is the sole regulatory agency for the regulation and development of capital markets. SC has direct responsibility for supervising and monitoring the activities of market institutions, including the exchanges and clearing houses, and regulating all persons licensed under the Capital Markets and Services Act 2007. More information about SC is available on its website at www.sc.com.my. Follow SC on twitter at @SecComMy for more updates.
The International Shari'ah Research Academy for Islamic Finance (ISRA) was established by the Central Bank of Malaysia on 26 March 2008, as an initiative to promote applied research in the areas of Shari'ah and Islamic finance. ISRA acts as a knowledge repository in the area of Islamic finance, contributes towards strengthening human capital development and provides a platform for greater engagement amongst practitioners, scholars, regulators, and academicians through research and dialogue, in both the domestic and international arenas. Through pioneering research and rigorous intellectual dialogue, ISRA inspires innovation and dynamism and thus extends the boundaries of Islamic finance. More information about the ISRA is available on its website at isra.my.
Members of the Media may contact the ISRA’s Events and Promotion Unit at 03-76514215 (Shaheezam Mohamad), or email: [email protected]
“Sukuk: Principles and Practices” Launch Photos