Monday March 2 2026
News Source: Global Exchanges
Focus: Fixed Income
Type: General
Country: Philippines
On 2nd March 2026, the Securities and Exchange Commission (SEC) has released new rules on Sukuk issuances in the Philippines, promoting the continued development of the country’s Islamic capital market and further expanding the range of Shari’ah-compliant investment opportunities for both issuers and investors.
The SEC on February 25 issued SEC Memorandum Circular (MC) No. 12, Series of 2026, providing for the Guidelines on the Issuance and Disclosure of Sukuk.
Sukuk refers to certificates of equal value representing undivided investment, interest in or rights to the underlying assets, usufructs and services or projects undertaken in accordance with Shari’ah principles.
The guidelines establish the regulatory framework for Sukuk issuances, outlining rules on registration, permissible structures, as well as reporting and disclosure requirements for issuers, among others, to ensure transparency, reinforce investor protection, and uphold Shari’ah compliance.
Under the new guidelines, Sukuk issuances may be made using Shari’ah compliant structures, including hybrid structures, as well as other Sukuk structures that may be approved by the Commission in accordance with Shari’ah principles.
Click on the above link for further information
