Latest news with #MohammadFaizAzmi
New Straits Times
26-05-2025
- Business
- New Straits Times
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.
The Star
26-05-2025
- Business
- The Star
SC launches two initiatives to drive Maqasid Al-Shariah adoption in ICM
KUALA LUMPUR: The Securities Commission Malaysia (SC) has unveiled the 40 Hadiths book series on sustainability and ethical sales transactions to promote a deeper understanding of the Islamic perspective on sustainability and Islamic ethics in commercial transactions. Launched during the third SC Nadwah of Shariah Advisers in the Islamic capital market (ICM), the commission said the book aims to enhance industry awareness and encourage practical implementation of these principles. The series marks a significant 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. 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. "More importantly, the SC is committed to making Maqasid al-Shariah a fundamental framework for business dealings in ICM,' he said in a statement. The SC also announced the establishment of the Maqasid al-Shariah Task Force for ICM, which will drive and coordinate adoption of these principles 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 , the Malaysian Association of Asset Managers, the Federation of Investment Managers Malaysia, the Malaysian Investment Banking Association, the Association of Islamic Banking and Financial Institutions Malaysia, the Islamic Banking and Finance Institute Malaysia, and the International Council of Islamic Finance Educators. Established in 2023, the SC Nadwah serves as a platform for intellectual discourse, sharing applied Shariah knowledge, and charting the next wave of innovative Shariah solutions among Shariah advisers and market practitioners. The 40 Hadiths book series is available for download at - Bernama
The Star
15-05-2025
- Business
- The Star
SC signs agreement to strengthen market integrity
Securities Commission chairman Datuk Mohammad Faiz Azmi. KUALA LUMPUR: The Securities Commission (SC) has signed the International Organisation of Securities Commissions' (Iosco) enhanced multilateral memorandum of understanding concerning consultation and cooperation and the exchange of information (EMMoU), highlighting its commitment towards maintaining market integrity and safeguarding investor interests. SC chairman Datuk Mohammad Faiz Azmi said the EMMoU also demonstrated the SC's unwavering support regarding international enforcement cooperation. 'This is very timely as the increasingly interconnected nature of global financial markets necessitates international cooperation to address issues such as securities fraud,' he said in a statement. The signing ceremony was held in conjunction with Iosco's annual meeting where the SC, the Capital Markets Authority, Kenya and Comisión Nacional del Mercado de Valores or CNMV, Spain joined the 27 Iosco members who are already signatories of the EMMoU. The EMMoU allows its signatories to avail themselves of the latest forms of cross-border assistance to increase the effectiveness of investigation and enforcement. Mohammad Faiz signed the EMMoU during the last day of the meeting from May 12-14 in Doha, Qatar. — Bernama
The Star
14-05-2025
- Business
- The Star
SC signs IOSCO EMMoU to strengthen market integrity, safeguard investor interests
KUALA LUMPUR: The Securities Commission Malaysia (SC) today signed the International Organisation of Securities Commissions' (IOSCO) Enhanced Multilateral Memorandum of Understanding concerning consultation and cooperation and the exchange of information (EMMoU), highlighting its commitment towards maintaining market integrity and safeguarding investor interests. SC chairman Datuk Mohammad Faiz Azmi said the EMMoU also demonstrates the SC's unwavering support regarding international enforcement cooperation. "This is very timely as the increasingly interconnected nature of global financial markets necessitates international cooperation to address issues such as securities fraud,' he said in a statement today. The signing ceremony was held in conjunction with IOSCO's annual meeting, where the SC, the Capital Markets Authority (CMA), Kenya and Comisión Nacional del Mercado de Valores (CNMV), Spain joined the 27 IOSCO members who are already signatories of the EMMoU. The EMMoU allows its signatories to avail themselves of the latest forms of cross-border assistance to increase the effectiveness of investigation and enforcement. Mohammad Faiz signed the EMMoU in the presence of IOSCO members during the last day of the IOSCO Annual Meeting, which ran from 12-14 May 2025 in Doha, Qatar. The IOSCO annual meeting is a key forum where members discuss important issues related to global securities and futures markets. The meeting serves as a platform for sharing information, coordinating the enforcement of securities regulations, and implementing common standards, aiming to strengthen the global regulatory framework for financial markets. - Bernama
New Straits Times
24-04-2025
- Business
- New Straits Times
Over 190 graduates complete second cycle of SC's investED leadership programme
KUALA LUMPUR: More than 190 graduates have completed the second cycle of the Securities Commossion's (SC) investED Leadership Programme. The SC said the programme gained strong momentum as a key capital market initiative for nurturing skilled, future-ready talent for the industry. It is also the SC's first collaboration of its kind between with the Finance Ministry, the Higher Education Ministry, the capital market industry and universities. The investED Leadership programme has trained 368 young graduates through close collaboration with industry and university partners in two years. Of the total, 233 graduates have been employed. The second cohort of the programme, which began in August 2024, received 1,200 applications. Following a month of intensive classroom training at the Asia School of Business, selected participants were placed with various capital market firms for six months of on-the-job experience. SC Chairman Datuk Mohammad Faiz Azmi said investED serves as a bridge between classroom learning and career building. "Beyond equipping our young talent with skills, the programme also builds their confidence, drives industry growth, and nurtures a new generation of professionals for Malaysia's capital market," he added. The SC is now taking applications for the third cohort of the programme which is now open until June 30. Apart from a potential career in the capital market industry, trainees also receive a monthly allowance of RM2,400 during the training period. Additionally, the investED Foundation Programme, delivered by the SC's learning arm, the Securities Industry Development Corporation (SIDC), also saw continued progress. More than 1,000 students enrolled last year, exceeding the annual target of 800 by 25 per cent.
