KUALA LUMPUR: The Securities Commission (SC) has signed a memorandum of understanding (MoU) with Durham University to strengthen cooperation in capacity building, knowledge sharing, and joint initiatives in Islamic finance and Islamic capital market (ICM).
In a statement yesterday, the SC said the inaugural ICM Summer School is one of the collaborations under this MoU, jointly organised with the Durham Centre for Islamic Economics and Finance, Durham University Business School.
SC chairman Datuk Mohammad Faiz Azmi said the ICM Summer School is a milestone in cultivating visionary leaders for the future of Islamic finance, driven by a shared commitment to advancing capacity and thought leadership across the industry, from practitioners to seasoned scholars.
“By embedding Maqasid al-Syariah principles, we aim to build an ethical, sustainable, and innovative capital market.
“Our partnership with Durham University equips professionals to reinforce Malaysia’s global leadership in Islamic finance.
“The SC aims for Maqasid al-Syariah to serve as a strategic differentiator, driving innovation and collaboration among regulatory bodies and Islamic industry players worldwide,’’ he said.
Mohammad Faiz also said that the initiative reflects a strong commitment to advancing the values outlined in the Maqasid al-Syariah Islamic Capital Market Guidance introduced by the SC in 2023.
The SC said the ICM Summer School programme will run from 2025 to 2027, with one cohort annually, with the inaugural group of 15 participants commencing a month-long hybrid programme in the third quarter of 2025.
It said the advanced executive programme is designed for mid-to senior-level professionals and leaders in the Islamic finance industry, with a minimum of five years’ relevant working experience.
Upon completing intensive online modules, SC said participants will attend a five-day masterclass at Durham University and, upon successful completion of the programme, will receive joint certification from the SC and Durham University.
The curriculum will cover key areas including sukuk, Islamic equities, syariah-compliant products, financial technology, sustainability, regulatory frameworks, and product innovation, with a central focus on applying Maqasid Al-Syariah principles to promote ethical, inclusive, and sustainable Islamic capital market and finance practices. — Bernama
