Bank Negara Malaysia published a Shariah Advisory Council statement and related standards, issued under Section 29(1) of the Islamic Financial Services Act 2013 and Section 33E(1) of the Development Financial Institutions Act 2002, addressing corporate insurance coverage of Islamic financial institutions.
Bank Negara Malaysia 2025-10-17
Bank Negara Malaysia issues Shariah Advisory Council statement and standards on corporate insurance coverage for Islamic financial institutions
Bank Negara Malaysia released a Shariah Advisory Council statement and standards under the Islamic Financial Services Act 2013 and the Development Financial Institutions Act 2002. The update pertains to corporate insurance coverage for Islamic financial institutions.