From Bikyamasr.com: There’s good news for the Islamic banking system with the recent initiated change in the Islamic tax laws in South Africa. The tax exemption laws, which were discriminatory, will be reversed and this will perhaps pave the way for immediate growth in the Islamic banking sector.
With the positive changes in the banking sector, banks will be more participant on providing debt help options to financially stressed consumers. The National Treasury is hoping to achieve this growth in the Islamic banking sector with the proposed amendments in the tax bill……………………………………….Full Article: Source