SC Explores Integrating Maqasid Al Shariah Principles To Enhance Social, Governance Practices For Companies
KUALA LUMPUR, The Securities Commission Malaysia (SC) is exploring on how companies can best apply the Maqasid Al Shariah aspirations and principles in their products and services and have better social and governance practices. Chairman Datuk Mohammad Faiz Azmi said the actions needed are urgent as some of the companies are purely focusing on profit maximisation to the detriment of its stakeholders and the planet. ‘In the context of climate change, the data being provided by scientists on the alarming decrease in biodiversity, the changing weather patterns, the intensity of weather events and the impending rise of the sea levels,