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SAC Updates

DateStatement
20 Dec 2025 Statement of the Shariah Advisory Council of Bank Negara Malaysia (SAC) and Standards under Section 29(1) of the Islamic Financial Services Act 2013 (IFSA) and Section 33E(1) of the Development Financial Institutions Act 2002 (DFIA) on Inventory Purchase Product Based on Parallel Istisna` Contract
17 Oct 2025 Statement of the Shariah Advisory Council of Bank Negara Malaysia (SAC) and Standards under Section 29(1) of the Islamic Financial Services Act 2013 (IFSA) and Section 33E(1) of the Development Financial Institutions Act 2002 (DFIA) on Corporate Insurance Coverage of Islamic Financial Institutions
17 Oct 2025 Summary of the Shariah Advisory Council of Bank Negara Malaysia (SAC) Statement and Standards under Section 29(1) of the Islamic Financial Services Act 2013 (IFSA) and Section 33E(1) of the Development Financial Institutions Act 2002 (DFIA) on Proposed Paddy Financing Product Based on Bai` Salam Contract
17 Oct 2025 Summary of the Shariah Advisory Council of Bank Negara Malaysia (SAC) Statement and Standards under Section 29(1) of the Islamic Financial Services Act 2013 (IFSA) and Section 33E(1) of the Development Financial Institutions Act 2002 (DFIA) on Inventory Purchase Based on Parallel Istisna` Contract
17 Oct 2025 Statement of the Shariah Advisory Council of Bank Negara Malaysia (SAC) on Funding Facility for Retail Payments Settlement (FRPS) through Real Time Electronic Transfer of Funds and Securities (RENTAS)
17 Oct 2025 Statement of the Shariah Advisory Council of Bank Negara Malaysia (SAC) and Standards under Section 29(1) of the Islamic Financial Services Act 2013 (IFSA) and Section 33E(1) of the Development Financial Institutions Act 2002 (DFIA) on Implementation of New Features of Sell and Buy Back Agreement (SBBA)
16 Jul 2024 Summary of The Shariah Advisory Council of Bank Negara Malaysia (SAC) Ruling on Implementation of New Features of Sell and Buy Back Agreement (SBBA)
01 Jun 2024 The Shariah Advisory Council of Bank Negara Malaysia (SAC) Ruling on the Shariah Parameters on Transfer of Funds for Funding and Liquidity Risk Management from an Islamic Financial Institution to a Conventional Financial Institution
30 May 2024 Summary of the Shariah Advisory Council (SAC) Ruling: Issuance of Malaysian Government Investment Issue (MGII) Based on Wakalah Concept
30 May 2024 The Shariah Advisory Council of Bank Negara Malaysia (SAC) Ruling on Anticipatory Hedging
24 Jan 2024 BNM Shariah Advisory Council's Ruling on Buy Now Pay Later Facility
06 Jan 2024 BNM Shariah Advisory Council's Ruling on Ceding Out of Takaful Risk to Insurance Companies under Hardship Situation
26 Jan 2023 Appointment of Members of the Shariah Advisory Council of Bank Negara Malaysia
12 Feb 2022 Ruling of the BNM Shariah Advisory Council at its 218th Meeting
27 Dec 2021 Ruling of the BNM Shariah Advisory Council at its 217th Meeting
09 Jul 2021 Ruling of the Shariah Advisory Council (SAC) of Bank Negara Malaysia at its 213th Meeting
23 Mar 2021 Ruling of the Bank's Shariah Advisory Council on the Adoption of Risk-Free Rate
11 Aug 2020 The Shariah Advisory Council of Bank Negara Malaysia (the SAC) 30th Special meeting
22 May 2020 The Shariah Advisory Council of Bank Negara Malaysia (the SAC) 190th Meeting
23 Jan 2020 The Shariah Advisory Council of Bank Negara Malaysia (the SAC) 194th and 195th Meeting
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