The 224th Shariah Advisory Council of the Securities Commission Malaysia Meeting (26 September 2019)

(1) Waiver of Sukukholders’ Right on the Capital and/or any Payment Obligation in Additional Tier 1 Sukuk and Tier 2
Sukuk

The Shariah Advisory Council (SAC) of the Securities Commission Malaysia (SC) had, at its 224th meeting held on 26 September 2019 discussed issues arising from the industry proposals relating to Additional Tier 1 Sukuk (“AT1 Sukuk”) and Tier 2 Sukuk.

(2) Revised Resolution on Asset Pricing Requirements for Sukuk Issuance

The Shariah Advisory Council (SAC) of the Securities Commission Malaysia (SC) had, at its 224th meeting held on 26 September 2019 discussed on the amendments to the Shariah requirements for sukuk. One of the issues discussed was on the existing SAC of SC resolution on asset pricing requirements for sukuk issuance.

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