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BNM, SC beefing up Islamic banking, finance through MIFC 

KUALA LUMPUR: Bank Negara Malaysia (BNM) and the Securities Commission (SC) have been taking steps to ensure the sustainability and effectiveness of the Islamic finance system by raising the standards to not only halal, but also ‘halalan thoyyiban’ (lawful and good). Prime Minister Datuk Seri Anwar Ibrahim said BNM and the SC have charted the […]

Ensure investment firms have prospectus to avoid falling prey to scams

KUALA LUMPUR: Members of the public who wish to make investment offered by any company need to ensure that the company has a prospectus certified by the Securities Commission (SC) to avoid being caught in investment scheme scams. Malaysian International Humanitarian Organisation (MHO) secretary-general Datuk Hishamuddin Hashim said the prospectus is a document for share […]

Commission suspends Nazri Khan’s licence for 6 months

KUALA LUMPUR: Securities Commission Malaysia (SC) has suspended the Capital Markets Services Representative’s licence of Inter-Pacific Asset Management Sdn Bhd (IPAM) executive director and fund manager Datuk Nazri Khan Adam Khan for six months, effective Oct 6, 2022. IPAM’s management said it is currently appealing against the suspension, emphasising that the suspension was due to […]

Equitable representation mentioned in IGC report, analyst’s view inaccurate: Abang Johari

KUCHING: Sarawak and Sabah’s claim for a larger representation in the federal Parliament, increasing the current 25 percent East Malaysia ratio of seats was merited in the Inter-Governmental Committee Report (IGC) 1962. Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg in dismissing an analyst’s view that the East Malaysian ratio of commanding a quarter […]

‘Refer to securities commission’s alert list before making investments to avoid scams’

KUCHING: The public, especially investors, have been urged to look at Securities Commission Malaysia (SC) Investor Alert List which identifies unauthorised and unlicensed entities before investing in any investment platform. In making this call, SC chairman Datuk Seri Dr Awang Adek Hussin said that this is because scammers are good at exploiting people’s desire for […]

6th Royal Award for Islamic Finance to be conferred on Oct 4

KUALA LUMPUR: The sixth Royal Award for Islamic Finance will be conferred on Oct 4, 2022, in Kuala Lumpur. This is to recognise visionary individuals with outstanding achievements and innovative ideas that contribute significantly to the growth of Islamic finance, the global economy, and the social progress of communities around the world. In a statement, […]

SC issues new guidelines on offer of shares by unlisted public companies

KUALA LUMPUR: The Securities Commission Malaysia (SC) has issued new guidelines on offer of shares by unlisted public companies (UPCs) to sophisticated investors which will take effect on Aug 1, 2021. In a statement today, the SC said the guidelines aim to safeguard investors’ interest due to increased queries and complaints received by the SC […]