SC issues practice notes relating to Syariah-based unit trust schemes


The Securities Commission (SC) today released two sets of practice notes relating to Syariah-based unit trust schemes to further enhance the quality of management and administration of such schemes.


These efforts are in line with the SC’s commitment to develop the Islamic capital market in Malaysia, as set out in the objectives of the Capital Market Masterplan.


Investment in Syariah-based unit trusts is one key area of participation in the Islamic capital market. There are presently 31 Syariah-based unit trust schemes in Malaysia.


The two practice notes, issued pursuant to the SC Guidelines on Unit Trust Funds, are: