SC proposes sukuk framework for climate resilience
KUALA LUMPUR: The Securities Commission (SC) has proposed a new purpose-driven sukuk framework aimed at mobilising capital for climate adaptation, resilience and sustainable development, as the country faces growing exposure to climate-related risks.
The Securities Commission (SC) of Malaysia has proposed a new framework called Sukuk Prisma SDG, designed to mobilise capital for climate adaptation, resilience and sustainable development. This proposed sukuk framework, which will be Shariah-based and aligned with the SC's Maqasid al-Shariah Guidance, is intended to build upon Malaysia's existing Sustainable and Responsible Investment (SRI) sukuk framework.
The initiative was unveiled at the 17th SC-Oxford Centre for Islamic Studies (OCIS) Roundtable 2026, held in Oxford, United Kingdom, and aims to focus on non-ringgit sukuk issuances that translate national priorities into clear, credible, and globally recognisable purposes under the United Nations Sustainable Development Goals (SDGs).
Malaysia, located in a climate-vulnerable region, has suffered over US$2.2 billion (RM8.95 billion) in losses from floods over the past five years, highlighting the need for stronger market infrastructure and clearer adaptation-focused frameworks to measure and verify outcomes.
Brief written by urgent.news from New Straits Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
