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Islamic Finance Briefing - Categorized | Emerging Trends, Investment more

South Africa looking for Sharia investment

Posted on 20 June 2011

South African Islamic investors and financiers are likely to be recognised via a new insertion in the Income Tax Act, says consultancy firm Grant Thornton SA, enabling the country to attract further foreign investors to its financial markets.
Islamic finance is derived from the Shariah, and essentially involves profit and risk sharing and forbids the paying or receiving of interest or investment in certain industries……………………………………….Full Article: Source

 
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