06.12.2010 - South Korea closer to issuing Islamic bond
From Maktoob.com: A South Korean parliamentary panel has reached a tentative agreement to give tax breaks to sukuk bonds, clearing the way for domestic companies to start to sell Islamic bonds as early as next year, a source said on Saturday. The finance ministry 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
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