Islamic banks are hoping to see more incentives like tax breaks being offered by the government under Budget 2013 to spur the industry further. Datuk Mohd Redza Shah Abdul Wahid, president of the Association of Islamic Banking Institution Malaysia (AIBIM), said a wish-list had been submitted to the government about two months ago.
“We would like to see continued incentives given to certain transactions pertaining to Islamic banking, such that the cost is always the same as conventional banking………………………………………..Full Article: Source