Asia Plantation Capital Berhad announced the attainment of Shariah compliance approval for its products by the IBFIM, formerly known as the Islamic Banking and Finance Institute Malaysia, the advisory body for Shariah compliance on all matters pertaining to Islamic banking in Malaysia.
Globally recognized in the Islamic world as a leader in this field, IBFIM is registered and licensed by the Securities Commission of Malaysia to provide Shariah regulatory structures and advice, and its regulatory board is made up from some of the leading banks in Malaysia. IBFIM’s approval thus clears the way for Asia Plantation Capital’s products to be marketed and sold in Malaysia and the global markets as Islamic products that meets all requirements as set out under the laws of Islam.