SIDC organises seminar to promote greater awareness and understanding of Islamic capital market

Kuala Lumpur, 30 June 1999

The Securities Industry Development Centre (SIDC) of the Securities Commission (SC) will be organising a Seminar on Introduction to Islamic Capital Market on 8 July 1999 at the SC Building to promote awareness and understanding of the Islamic capital market.

In cognisance of the fact that a wide section of the Muslim community in Malaysia has yet to be exposed to the Islamic capital market, this introductory-level seminar aims to provide knowledge that will encourage more Muslims to participate in and benefit from the Islamic capital market, in adherence to Syariah principles. On the whole, this seminar is expected to contribute to the objective of the SC to develop the Islamic capital market in Malaysia.

In line with this, the seminar will, among others, provide participants with insight on:

how securities are classified according to syariah principles,
the range of Islamic financial products that are available; and
Islamic fund management.

Seminar speakers, which comprise experienced SC officers, members of the SC's Syariah Advisory Council (SAC) and industry practitioners, include:

Y. Bhg. Dato' Dr. Abdul Halim Ismail, Member of SC Syariah Advisory Council;
Dr. Ghazali Atan, Komplek Metrowangsa Sdn Bhd;
En. Zahid Abdul Aziz, Bank Islam Malaysia Berhad; and
Ustaz Nurdin Ngadimon, Islamic Capital Market Unit, SC

While the seminar is open to all members of the public who are keen to gain insight on the Islamic capital market, it is specifically targeted at investment, banking and legal officers, researchers, Syariah advisors, academicians and students.

Interested members of the public may contact Zainab Ismail of the SIDC at telephone number: 03-6548848 or facsimile number: 03-6515811 for further information.

SECURITIES INDUSTRY DEVELOPMENT CENTRE (SIDC)

Issued on behalf of the Securities Commission. Members of the press requiring assistance may contact tel no. 03-6548513 (Ann Teoh) / 03-6548184 (Azmi Hariss Ibrahim) or fax no. 03-6515078 or e-mail: [email protected]

Background information:
The Securities Industry Development Centre (SIDC) is the education arm of the Securities Commission (SC). It is responsible for facilitating education and research in the development of the capital market in Malaysia through training and dissemination of findings of non-proprietary research. It is also responsible for the development of the SC's resource centre which when fully established will be the premier capital market resource centre for the region.

The Securities Commission, a statutory body reporting to the Minister of Finance, was established under the Securities Commission Act 1993. It is the sole regulatory agency for the regulation and development of capital markets. The SC has direct responsibility for supervising and monitoring the activities of market institutions, including the exchanges and clearing houses, and regulating all persons licensed under the Securities Industry Act 1983 and Futures Industry Act 1993.

More information about the SC is available on its homepage at www.sc.com.my