Securities Commission Malaysia signs MoU with Durham University to expand Islamic finance capacity building through an Islamic Capital Market Summer School

Securities Commission Malaysia (SC) and Durham University signed a Memorandum of Understanding to strengthen cooperation on capacity building, knowledge sharing and joint initiatives in Islamic finance and the Islamic capital market. The inaugural Islamic Capital Market (ICM) Summer School, jointly organised with the Durham Centre for Islamic Economics and Finance at Durham University Business School, is the first collaboration under the MoU. The advanced executive programme targets middle to senior-level Islamic finance professionals with at least five years of relevant experience and aims to build strategic leadership skills, technical knowledge and application of Maqasid al-Shariah in Islamic capital markets, aligning with the Maqasid al-Shariah Islamic Capital Market Guidance introduced by the SC in 2023. The curriculum covers sukuk, Islamic equities, Shariah-compliant products, fintech, sustainability, regulatory frameworks and product innovation, and participants who complete the programme will receive joint certification from the SC and Durham University. The programme will run from 2025 to 2027 with one cohort annually, starting in Q3 2025 with 15 participants in a month-long hybrid format comprising intensive online modules followed by a five-day masterclass at Durham University. The MoU was signed by SC Chairman Dato’ Mohammad Faiz Azmi and Durham University Pro-Vice-Chancellor (Global) Professor Claire O’Malley.