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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Market Moves more

Hong Kong consults on Islamic bonds

Posted on 02 April 2012

Professor KC ChanThe Financial Services & the Treasury Bureau (FSTB) launched a consultation on 29 March 2012 on the proposed amendments to the Inland Revenue Ordinance and Stamp Duty Ordinance to promote Islamic bond, market development in Hong Kong SAR.
Secretary for Financial Services & the Treasury Professor KC Chan said the amendments seek to level the playing field for common types of Sukuk (Ijarah, Musharaka, Mudaraba and Murabaha) vis-a-vis their conventional counterparts in terms of profits tax, property tax and stamp duty liabilities………………………………………..Full Article: Source

 
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