Bank Negara Malaysia published a summary of its Shariah Advisory Council’s statement and standards, issued under Section 29(1) of the Islamic Financial Services Act 2013 and Section 33E(1) of the Development Financial Institutions Act 2002, on a proposed paddy financing product based on a Bai` Salam contract.
Bank Negara Malaysia 2025-10-17
Bank Negara Malaysia Shariah Advisory Council issues statement and standards on a proposed Bai` Salam paddy financing product
Bank Negara Malaysia released a summary of its Shariah Advisory Council's statement and standards regarding a proposed paddy financing product based on a Bai` Salam contract. The standards were issued under the Islamic Financial Services Act 2013 and the Development Financial Institutions Act 2002.