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The 250th Shariah Advisory Council of the Securities Commission Malaysia Meeting (15 November 2021)
Revised Resolution on Utilisation of Sukuk Proceeds for General Business
The Shariah Advisory Council (SAC) of the Securities Commission Malaysia (SC) had deliberated on the issue in relation to the utilisation of sukuk proceeds for general business. The SAC had resolved at the 190th and 216th meetings held on 27 October 2016 and 31 January 2019 respectively, that the sukuk proceeds may be utilised for general business of the issuer and the issuer’s group of companies including for general corporate purposes, working capital requirements and capital expenditures provided that the principal activities of the issuer and the issuer’s group of companies are Shariah compliant based on the following business activity benchmarks:
This document belongs to Securities Commission Malaysia (SC). Full access to the original source is available here: https://www.sc.com.my/development/icm
