KUALA LUMPUR: Malaysia’s capital market currently stands at RM4.2 trillion, with Islamic instruments making up around 62%, according to the Securities Commission (SC).
Its chairman, Datuk Mohammad Faiz Azmi, stated that Malaysia accounts for one-third of all global sukuk issuances.
“About 80% of our listed companies are designated as syariah-compliant.
“This depth gives us the platform to pilot Maqasid al-Syariah-aligned disclosures, covenants and outcome-linked structures at a meaningful scale,” he said in his opening address at the 16th Roundtable of the SC and the Oxford Centre for Islamic Studies yesterday.
“When fiduciary duty aligns with the principles of Maqasid al-Shariah, it results in a set of expectations that are applied differently across the ecosystem,” he said
