The 219th Shariah Advisory Council of the Securities Commission Malaysia Meeting (25 April 2019)

1) Guarantee of Profit by a Third Party, Sister Company and Associate Company of the Sukuk Issuer in Sukuk based on
`Uqud Ishtirak and `Aqd Wakalah bi al-Istithmar

The Shariah Advisory Council (SAC) of the Securities Commission Malaysia (SC) had, in series of its meetings, deliberated on the following issues:

in sukuk based on`uqud ishtirak and `aqd wakalah bi al-istithmar.

(i) guarantee of profit by a third party, sister company and associate company of the sukuk issuer; and
(ii) imposition of ujrah (fee) on such guarantee,

2) Collateral Assets in Islamic Capital Market Products

The Shariah Advisory Council (SAC) of the Securities Commission Malaysia (SC) had, in its 219th meeting held on 25 April 2019,
deliberated on the issue of collateral assets in Islamic capital market (ICM) products, among others, are physical assets and
financial assets.

This document belongs to Securities Commission Malaysia (SC). Full access to the original source is available here: https://www.sc.com.my/development/icm