The Malta Financial Services Authority has published a completely revised Guidance Note on Shariah-Compliant Funds, updating its regulatory framework to improve clarity and practical application for Shariah-aligned fund structures in Malta. The revision is intended to enhance regulatory transparency and reflect current international standards and market developments in Islamic finance. The updated guidance sets out clearer expectations for fund promoters, fund managers and Shariah Advisory Boards, with a stated aim of simplifying compliance and reducing uncertainty for market participants. The MFSA also links the revised framework to its broader work on Islamic finance, including initiatives related to sukuk and other Islamic capital market instruments.
Malta Financial Services Authority 2025-11-21
Malta Financial Services Authority issues a completely revised guidance note setting a new framework for Shariah-compliant funds
The Malta Financial Services Authority has issued a revised Guidance Note on Shariah-Compliant Funds to enhance regulatory clarity and align with international standards in Islamic finance. The update aims to simplify compliance for fund promoters, managers, and Shariah Advisory Boards, while integrating with broader initiatives on sukuk and Islamic capital market instruments.