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Malaysia calls for uniform Islamic finance tax framework

Posted on 19 October 2011

In her keynote address to the recent IFN 2011 Issuers & Investors Asia Forum in Kuala Lumpur, Nik Ramlah Mahmood, the Managing Director of the Securities Commission Malaysia (SCM), said that, for the Islamic capital market to make further progress, more jurisdictions would need to put uniform tax frameworks into place.
She disclosed that, as at end-2010, the size of Malaysia‚Äôs Islamic capital market stood at MYR1.05 trillion (USD336bn), or 52% of the size of the overall Malaysian capital market, as compared to only MYR294bn as at end-2000……………………………………….Full Article: Source

 
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