SC launches Hadith book series on sustainability, 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.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
39 minutes ago
- The Star
Only 40% of Malaysians believe country is on the right track, says survey
PETALING JAYA: Public satisfaction with the government's performance and the country's direction has declined in recent months, according to a new public opinion survey by the Institut Masa Depan Malaysia (Masa). The think-tank group said the survey, conducted between June 14 and July 19, involved 1,605 respondents aged 18 and above across Peninsular Malaysia through telephone interviews. 'Respondents were selected via stratified random sampling based on ethnicity, gender, age and geographic distribution. 'Only 40% of respondents believed that Malaysia is currently on the right track, a notable drop from 54% in Dec, 2024,' it said in a statement on Friday (July 25). Masa added the survey also found that the cost of living remained the most pressing concern among the public, with 53% of respondents citing it as their top worry—up from 48% in the previous poll conducted in December last year. The survey also found that public sentiment towards the country's economic performance has also turned more negative with just 37% of respondents said they were satisfied with the current state of the economy, down from 57% previously. Masa added that based on their survey as for personal income, only 34% said their financial situation was satisfactory, compared to 52% in December 2024. They said that on the proposed rationalisation of RON95 fuel subsidies, only 34% of respondents supported the move, while a majority of 51% opposed it. 'Among the reasons cited for rejecting the subsidy rationalisation were concerns that it would lower their standard of living (32%), lack of confidence in the government's ability or mechanisms to implement the plan effectively (11%), insufficient explanation from the authorities (7%) and perceptions that the plan was being rushed (4%). 'When asked about the performance of the current administration, only 41% of respondents said they were satisfied with the Madani government—down from 56% in the previous survey,' it added. Masa also added that public approval for Prime Minister Datuk Seri Anwar Ibrahim also fell, with only 33% expressing satisfaction with his performance, compared to 57% in December 2024. 'In contrast, Perikatan Nasional chairman Tan Sri Muhyiddin Yassin received a 41% approval rating, followed by Barisan Nasional chairman Datuk Seri Dr Ahmad Zahid Hamidi (15%) and Opposition Leader Datuk Seri Hamzah Zainudin (16%). 'As for their preferred candidate for prime minister in the 16th General Election, 33% of respondents chose Muhyiddin, followed by Anwar (25%), Ahmad Zahid (14%) and Hamzah (13%),' it said. Masa said the negative sentiments captured in the survey reflected growing public unease over several new government policies, including the expansion of the sales and services tax (SST), electricity tariff hikes, the rationalisation of subsidies, and persistent concerns about the rising cost of living.
.jpg&w=3840&q=100)
Daily Express
an hour ago
- Daily Express
SCCC, Guizhou explore potential for collaboration
Published on: Saturday, July 26, 2025 Published on: Sat, Jul 26, 2025 Text Size: SCCC honorary advisors engage in dinner discussions with the Guizhou delegation. Kota Kinabalu: The potential for collaboration between natural resource laden Sabah and Guizhou is vast, particularly in areas such as resource integration, industry synergy, technological complementarity, and talent exchange. This promising outlook was the focus of discussions during a grand dinner reception hosted by the Sabah China Chamber of Commerce (SCCC) to welcome a visiting delegation from Guizhou Province, China recently. The delegation was led by Liu Baochang, Deputy Director of the Guizhou Foreign Affairs Office. Both sides reached a mutual agreement to deepen cooperation across multiple sectors, including trade and culture, thereby laying a solid foundation for future partnerships. In his welcoming speech, Datuk Frankie Liew, President of the SCCC, highlighted the event as a celebration of the treasured and respectful friendship between Sabah and Guizhou. To commemorate the occasion, the Chamber invited several honorary advisors to join the dinner and engage in meaningful dialogue. Among these distinguished guests were Tan Sri T.C. Goh and his spouse, Prof. Dato Sri Wilson Yong Tung Yung, Datuk Aloysius Tan, and Prof. Datuk Foo NK. The Guizhou delegation comprised senior officials and business representatives, including Guo Bi, Director of the Liaison Department at the Guizhou Federation of Industry and Commerce; Xu Yuan Qiu, Senior Officer of the Coordination Division at the Guizhou Foreign Affairs Office; Zhang Hai, Senior Officer from the Department of Open Economy Development at the Guizhou Department of Commerce; as well as Li Yu Shan and Guo Yu Tong from Duobei Ancient Tea Development Co., Ltd. Throughout the evening, both SCCC representatives and the Guizhou delegation engaged in in-depth discussions focused on their respective industrial strengths, cooperation opportunities, and future exchange directions. They recognized Sabah as a key gateway in East Malaysia endowed with rich natural resources and unique geographical advantages, while Guizhou demonstrated strong capabilities in sectors such as big data, eco-agriculture, and cultural tourism. Notable SCCC members present included Brett Chua, Datuk Jonathan Koh JP, Datuk Simon Teoh, Chiew Heng Hock, Tan Siew Ling, and others, all contributing to a vibrant atmosphere of collaboration. Datuk Frankie Liew emphasized that the meeting strengthened mutual understanding and trust, while also establishing a strong foundation for high-level and broad-based collaboration moving forward. Both parties agreed to use this meeting as a springboard to promote resource sharing, achieve mutual benefits, and jointly support economic and social development in Sabah and Guizhou. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Barnama
17 hours ago
- Barnama
Public Warned Against Fake 'Datuk Seri' Titles Used In Investment Scams
KUALA LUMPUR, July 25 (Bernama) -- At least six individuals have fallen victim to scams involving the misuse of the 'Datuk Seri' title, with total losses estimated at nearly half a million ringgit, says MCA Public Services and Complaints Department head Datuk Seri Michael Chong. He said one of the reports involved a man falsely claiming to be an 'Ahli Istana Anak Angkat' to gain the trust of victims and solicit investments, including a case where a Datin lost RM400,000. 'We've checked with the Istana and there is no such title. It's completely fabricated,' he told a press conference at Wisma MCA here today. Chong said three of the six cases were business-related scams while the others were enquiries — some from overseas — to verify the legitimacy of individuals claiming to hold honorific titles. He added that the scammer had exploited public events and official functions by placing his name and image among VIPs and ministers to boost credibility. Meanwhile, Majlis Datuk Persekutuan Malaysia (MDPM) president Datuk Alvin Tee Guan Pian reminded the public that federal titles were only awarded to those who had made significant contributions to the nation. 'Fake titleholders often use these credentials to secure business deals and contracts. The Securities Commission takes illegal investment schemes seriously, and offenders can be charged in court,' he said. Separately, the President of Majlis Datuk Dato' Malaysia (MDDM), Datuk Samson David Maman, has urged the relevant parties to expedite proposed amendments to the Awards Act 2017 (Act 787) to curb the misuse of honorific titles. "It's going internally. But we know there are many proposed amendments across various acts. Ours is just one of them. Time will come when we are on the priority list,' he said at the same press conference.
