KUALA LUMPUR: The Securities Commission (SC) continued to strengthen Islamic Capital Market’s (ICM) value proposition through widening access to syariah-compliant funding, instilling greater impetus for Islamic social finance, and encouraging Islamic fintech growth.

       In the SC Annual Report 2021 released yesterday, it said that to facilitate a conducive funding ecosystem within ICM and advance the development of market-based financing avenues to support the halal economy, a Syariah Screening Assessment Toolkit for the unlisted micro, small and medium enterprises (MSMEs) was introduced.

       The Toolkit included a series of assessment questions based on the syariah screening methodology for unlisted MSMEs, which was endorsed by the SC’s Syariah Advisory Council. — Bernama