24.12.2009 - S.Korea parliament delays bill on sukuk issuances
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
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