Bankers and industry players welcomed the government’s plan to encourage the issuance of AgroSukuk. Under the budget, the expenses for such issuance will be given a double deduction for a period of four years effective 2012 to 2015.
Bankers and industry players said this will help bolster the country’s dominance in the global sukuk market. Maybank Investment Banking chief executive officer Tengku Datuk Zafrul Tengku Abdul Aziz said the incentive will motivate agriculture-based enterprises to actively tap into the robust liquidity that the sukuk market offers. ……………………………………….Full Article: Source