Securities Commission Malaysia (SC)

#Malaysia’s First #Green #Sukuk Under Securities Commission Malaysia’s Sustainable Responsible Investment Sukuk

Securities Commission Malaysia (SC) announced the issuance of Malaysia’s first green sukuk under its Sustainable & Responsible Investment (SRI) Sukuk framework. To complement SRI Sukuk framework, several incentives are in place to attract green issuers. They include tax deduction until year of assessment 2020 on issuance costs; tax incentives for green technology activities in energy, transportation, building, waste management and supporting services; financing incentives under the Green Technology Financing Scheme (GTFS) with total funds allocation of RM5 billion until 2022. To be eligible for tax deductions, issuers must ensure that proceeds are used to fund SRI projects in the natural resources, renewable energy and/or energy efficiency sectors. The framework underlying this first green sukuk is the result of collaboration between SC, Bank Negara Malaysia and the World Bank Group to introduce innovative financial instruments to tackle global infrastructure needs and green financing.

SC unveils five-year blueprint to further strengthen #Malaysia as a leading Islamic investment hub

The Securities Commission Malaysia (SC) has launched a five-year Islamic Fund and Wealth Management Blueprint designed to drive further development and growth of Malaysia's Islamic capital market. The Blueprint aims to establish the country as a leading international centre for Islamic fund and wealth management. It was launched by Datuk Johari Abdul Ghani, Second Finance Minister of Malaysia, on behalf of Prime Minister Dato’ Sri Mohd Najib Tun Razak, at the International Fund Forum 2017. To be implemented on a phased approach, initial work programmes will include the formulation of a framework for SRI funds, the setting up of a global centre for Islamic capital market and the introduction of a digital investment services framework.

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