The regular issuance of the Sukuk, almost on quarterly basis, has improved market confidence and tradability of the Sukuk. To improve transparency and bring standardization in IBIs’ profit distribution and pool management practices, we have developed a comprehensive profit distribution and pool management framework in consultation with the industry.
The framework will be issued most probably within this month and will be instrumental in improving public confidence in Islamic banking generally and profit distribution policies and practices of IBIs particularly. Similarly to further strengthen the Shariah governance in IBIs, we are in the process of developing a comprehensive Shariah Governance framework.