PETALING JAYA: The establishment of a new shariah compliance commission is a “waste” of public funds, former international trade and industry minister Rafidah Aziz said in a statement today.

She said Malaysia does not need another regulatory body as there was currently an abundance of them and with no results to show for it.

“There is the continuous mushrooming of task forces and committees and yet, no reports have been presented let alone actual action undertaken.

“Public funds are aimlessly spent which could be better channelled to relevant groups in society and various economic sectors,” she said.

Earlier today, Prime Minister Ismail Sabri Yaakob said the regulation of the halal economy in the country could be consolidated with the establishment of a shariah compliance commission.

According to Bernama, he said the existing regulatory proposal is limited with the Islamic financial sector coming under Bank Negara Malaysia (BNM) and the Securities Commission (SC), while the Islamic Development Department (Jakim) regulates the halal industry.

Ismail called for more comprehensive regulations and urged that this recommendation be given due consideration.

Commenting further, Rafidah said the Halal Development Corporation, established in 2006, was already in place to promote the halal industry and ensure shariah compliance.

She lambasted the government for lacking a “national governance compass” to lead the nation forward, adding that more coordination and consideration were required before formulating new policies or establishing new governing entities.