THE EQUILIBRIUM JOURNAL / EXECUTIVE BRIEFING
The SC revises Shariah adviser responsibilities and requirements affecting Islamic digital-asset offerings.
1–31 March 2026
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What happened
30 March 2026 · Malaysia
Islamic capital-market rules are updated
Guidelines revised
The SC’s amendment summary strengthens the description of registered Shariah advisers’ responsibilities, including consideration of Maqasid al-Shariah. It requires a digital-asset exchange seeking to offer a Shariah-compliant digital currency to obtain the SC Shariah Advisory Council’s endorsement before offering it. A single annual-declaration date of 15 January is introduced with effect from 1 January 2027.
Source: Securities Commission Malaysia · ICM amendment summary, 30 March 2026 ↗
The Malaysian lens
For Malaysian users, a digital asset’s Shariah description should be checked against the relevant endorsement and offering. Our interpretation for providers: adviser accountability and product approval are connected but distinct records. A broad statement about Islamic finance should not substitute for evidence about the actual product.
QUESTION TO ASK
Can the provider show the applicable endorsement, the adviser’s role and the current governance documentation?
Watch / next step
Update product-review records and diarise the declaration change accurately. The new annual timing is a 2027 implementation item, not an immediate January 2026 filing obligation.
Sources checked on 20 September 2026. Official sources are preferred; news reports are identified as such. Maintained source pages may contain later updates. Check the enacted text, applicable jurisdiction and current position before acting. General information, not legal advice.
