SC launches Hadith book series on sustainability, ethical sales transactions
KUALA LUMPUR: The Securities Commission (SC) has today launched the 40 Hadiths book series on sustainability and ethical sales transactions.
The publications, launched during the 3rd SC Nadwah of Shariah Advisers in Islamic capital market (ICM), aim to enhance industry awareness and practical implementation of the Islamic perspective on sustainability and Islamic ethics in commercial transactions.
It also marks a milestone in raising industry awareness on embedding the principles of Maqasid al-Shariah guidance in ICM, specifically in areas such as environmental stewardship, responsible business and trade practices.
The SC chairman Datuk Mohammad Faiz Azmi said internalising the guidance encapsulated in these hadiths contributes to the development of a just, inclusive and sustainable economy.
Mohammad Faiz said the SC is committed to making Maqasid al-Shariah a fundamental framework for business dealings in ICM.
"The outcomes that we are witnessing today is one of the approaches towards ensuring Islamic financial products and services are designed and implemented in a way that promotes the welfare of society and the environment," he added.
Meanwhile, the SC announced the establishment of the Maqasid al-Shariah task force for ICM (MaTF), that will drive and streamline adoption of the guidance across the Malaysian ICM.
This includes identifying areas for strategic collaboration and innovation between regulatory bodies and industry players.
Members of the task force include Bursa Malaysia Bhd, Malaysian Association of Asset Managers, Federation of Investment Managers Malaysia, Malaysian Investment Banking Association, Association of Islamic Banking and Financial Institutions Malaysia Islamic Banking and Finance Institute Malaysia and International Council of Islamic Finance Educators.
Established in 2023, the SC Nadwah serves as a convening platform for intellectual discourse on applied Shariah knowledge sharing and charting the next wave of innovative Shariah solutions among Shariah advisers and market practitioners.
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