From Reuters: A key South Korean parliament panel on Wednesday decided to put on hold until early next year a vote on a government proposal to allow domestic companies to sell Islamic bonds, or sukuk, a finance ministry official said.
The Ministry of Strategy and Finance had proposed a revision to the tax code with the aim of treating sukuk as a bond so that South Korean issuers of sukuk could enjoy the same tax advantages as those applied to conventional bond issuers…………………………………..Full Article: Source