| 30.09.2009 - Legal change to encourage Islamic bonds |
| From Joongang Daily: Korea said yesterday that it seeks to grant tax benefits to profits earned from Islamic bonds that conform to Shariah law and are designed for sale in the Middle East, in a bid to encourage local firms to attract oil dollars. The Ministry of Strategy and Finance said it will push to revise the law to allow Islamic bond holders to see the same tax exemptions on profits allowed with traditional bonds....................Full Article: Source |