Bank Negara Malaysia published a Shariah Advisory Council statement and related standards under Section 29(1) of the Islamic Financial Services Act 2013 and Section 33E(1) of the Development Financial Institutions Act 2002 for an inventory purchase product structured on a parallel istisna contract.
Bank Negara Malaysia 2025-12-19
Bank Negara Malaysia issues Shariah Advisory Council statement and standards on inventory purchase products based on a parallel istisna contract
Bank Negara Malaysia released a Shariah Advisory Council statement and standards for an inventory purchase product using a parallel istisna contract. These standards are issued under Section 29(1) of the Islamic Financial Services Act 2013 and Section 33E(1) of the Development Financial Institutions Act 2002.